Unit 2 Banking Vocabulary | Baamboozle - Baamboozle

to take money out of a bank account.

Withdraw

a piece of paper that you buy from a bank or a travel company and that you can use as money or exchange for the local money of the country you visit

Traveler's Check

A tool to record the inflow and outflow of money from a bank account in order by the date

Transaction Register

(an amount of) money paid to the government, which is based on your income or of the cost of goods or services you have bought

Tax

a bank account in which you usually leave money for a long time and which pays you interest.

Savings Account

On a check, the 9-digit number that identifies the bank upon which the payment is drawn.

Routing Number

a person who money is paid to or should be paid to

Payee

The act of overdrawing a bank account/Using more money than what you have

Overdraft

Non-sufficient funds (lack of money in an account to pay the check).

NSF

a sum of money which is borrowed, often from a bank, and has to be paid back, usually together with an additional amount of money that you have to pay as a charge for borrowing.

Loan

1. money which is charged by a bank or other financial organization for borrowing money. 2. money that you earn from keeping your money in an account in a bank or other financial organization.

Interest

protection against possible financial loss

Insurance

money paid to others for their services

Fee

1. when you spend or use money 2. a bill that you pay

Expense

an arrangement for making payments, usually to an organization, in which your bank moves money from your account into the organization's account at regular times

Direct Debit

to put money into a bank account.

Deposit

money, which is owed to someone else, or the state of owing something

Debt

(a record of) money taken out of a bank account.

Debit

a bank account that you can take money from at any time and which usually earns little or no interest.

Checking Account

a small plastic card which can be used as a method of payment, the money being taken from you at a later time.

Credit Card

1. money in your bank account. 2. a method of paying for goods or services at a later time, usually paying interest as well as the original money.

Credit

a printed form, used instead of money, to make payments from your bank account

check

a book of checks with your name printed on them which is given to you by your bank to make payments with.

Checkbook

to exchange a check for cash

cash a check

money in the form of notes and coins, rather than checks or credit cards

cash

when a check cannot be paid or accepted by a bank because of a lack of money in the account

bounce (a check)

a printed record of the money put into and removed from a bank account

Bank Statement

Sums of money paid by a customer for a bank's services

Bank Charges

The amount of money in a bank account.

Bank Balance

(Automated Teller Machine) - a machine, usually in a wall outside a bank, from which you can take money out of your back account using a special card or deposit a check.

ATM