Banking Introduction

A smartphone app that stores digital payments

a method of receiving money directly into a bank account electronically

depositing checks using a smart phone app

A card that is preloaded with a specific amount of money and can be used for purchases until the balance reaches zero.

a not for profit financial institution that offers banking services

A type of bank account that offers easy access to your money for daily transactions

– A service that prevents transactions from being declined when you don't have enough money in your account, often resulting in a fee.

taking money out of a bank account

A method of sending money directly from one person to another through an app like Venmo or CashApp.

A bank account meant to hold money for future use and typically earns interest

a fee charged when you spend more money than is in your checking account

protects bank deposits up to $250,000 per account in case the bank fails

interest earned on the initial deposit and any previously earned interest

Individuals without access to traditional banking services

Adding money to a bank account

automated teller machine used to deposit or withdrawal money