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A type of bank account that offers easy access to your money for daily transactions
deposit
savings account
withdrawal
checking account
A bank account meant to hold money for future use and typically earns interest
withdrawal
savings account
deposit
checking account
Adding money to a bank account
savings account
deposit
checking account
withdrawal
taking money out of a bank account
checking account
deposit
savings account
withdrwal
protects bank deposits up to $250,000 per account in case the bank fails
mobile deposit
FDIC insurance
overdraft fee
credit union
a not for profit financial institution that offers banking services
credit union
FDIC
mobile deposit
overdraft fee
a fee charged when you spend more money than is in your checking account
mobile deposit
overdraft fee
credit union
FDIC
depositing checks using a smart phone app
credit union
overdraft fee
FDIC
mobile deposit
a method of receiving money directly into a bank account electronically
ATM
compound interest
digital wallet
direct deposit
automated teller machine used to deposit or withdrawal money
compound interest
digital wallet
direct deposit
ATM
interest earned on the initial deposit and any previously earned interest
digital wallet
compound interest
direct deposit
ATM
A smartphone app that stores digital payments
compound interest
digital wallet
ATM
direct deposit
A method of sending money directly from one person to another through an app like Venmo or CashApp.
prepaid card
unbanked
peer to peer payments
overdraft protection
– A service that prevents transactions from being declined when you don't have enough money in your account, often resulting in a fee.
overdraft protection
peer to peer payments
unbanked
prepaid card
Individuals without access to traditional banking services
peer to peer payments
unbanked
overdraft protection
prepaid card
A card that is preloaded with a specific amount of money and can be used for purchases until the balance reaches zero.
unbanked
prepaid card
overdraft protection
peer to peer payments
