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What is an "Overdraft"?
A loan that you take out.
Money you can borrow if your account goes below zero.
What does "Savings" refer to?
Money spent on daily expenses.
Money set aside for future use.
When you have money available in your account, you are _________.
credit
debit
Using a _________ allows you to pay bills automatically without writing checks.
Direct Balance
Direct debit
What does "Account" refer to?
A type of loan.
A place where you keep your money.
What is "Balance"?
The total amount of money in your account.
The interest rate on your savings.
What is a "Branch"?
A part of a tree.
A local office of a bank.
What does "Direct debit" mean?
Money taken directly from your account to pay bills.
A type of investment.
What does "Direct debit" mean?
A type of investment.
Money taken directly from your account to pay bills.
What does "In credit" mean?
You have money available in your account.
You owe money to the bank.
What is an "Interest rate"?
The percentage you earn or pay on money borrowed or saved.
The fee for using an ATM.
What is an "Overdraft"?
Money you can borrow if your account goes below zero.
A loan that you take out.
What does "Savings" refer to?
Money set aside for future use.
Money spent on daily expenses.
A _________ is a local office of a bank.
Balance
Branch
When you have money available in your account, you are _________.
credit
debit
The _________ is the amount of money that you have in your bank account at any given time.
Balance
Overdraft
