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Banking Vocabulary

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  • A preset payment that comes out of your account automatically, usually to pay a montly bill.
    Automatic Payment
  • To stay away from someone or something you don't like (Eg. bank fees).
    Avoid
  • Sometimes called a service charge.   The money you pay the bank for their services.
    Fee
  • This person can help you at the bank deposit or withdraw money from your account.
    Bank teller
  • When you send your friend money through an email.
    e-Transfer
  • When something happens over and over again (like a monthly fee).
    Recurring
  • Using the internet to pay your bills and access your account.
    Online banking
  • This is your secret number that allows you to use your debit card at a machine or in a store.  
    PIN = Personal Identification Number
  • To put money into your account.
    Deposit
  • A bank account where you put your paycheque and use to make your daily transactions. 
    Chequing Account
  • When your paycheck automatically goes into your bank account.
    Direct deposit
  • To take money out of your account.
    withdraw
  • Money that the bank pays you each month when you keep money in their bank.
    Interest
  • A machine used to access money in your account
    ATM - Automated Teller Machine
  • Card used in a store to take money from your account to the store.  
    Debit card
  • When your account balance falls below zero, but your bank will let you do that.
    Overdraft.
  • When there is no maximum or minimum amount of transactions or money needed.
    Unlimited
  • The amount of money that you have in your bank account.
    Balance
  • The verb that means you get something by working. 
    earn
  • When you move money from one account to another?
    Transfer