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