Share Money, Banking and Finances
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A type of account you put your money into and it generates interest
savings account
A type of account used for daily transactions like paying bills and withdrawals
chequing account
The percentage charged by a bank for a loan or paid to you on savings
interest rate
The amount of money available in your bank account
balance
Money borrowed from a bank that must be repaid with interest
loan
A loan used to buy a home or property
mortgage
A plastic card that allows you to borrow money from the bank to make purchases
credit card
A plastic card that allows you to spend money directly from your bank account
debit card
A record of all transactions made on your account
bank statement
A number that represents how responsible someone is with credit and loans
credit score
Money taken out of a bank account
withdrawal
Money added to a bank account
deposit
When a person spends more money than is available in their account
overdraft
A system that allows banking through a computer or smartphone
online banking
Moving money electronically from one account to another
wire transfer
Money saved for future use
investment
