When you take money out of a bank account as a payment for something
Debit
When you put money into your bank account
Deposit
When you put money into your bank account and pay for goods or services later
Credit
When you exchange goods or money
transaction
a monthly amount of money paid for having an account
Fees
What does ATM stand for?
Automated Teller Machine
to take money out of a bank account
Withdraw
the amount of money the bank pays you to hold your account funds
Interests
What do you need to open a bank account?
A copy of your ID and proof of your address
Mention 3 benefits of a transaction account
Paying bills, depositing money, receiving salary
