Unit 2 Banking Vocabulary

The amount of money in a bank account.

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

to put money into a bank account.

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

to exchange a check for cash

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

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

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

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

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

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

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

(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

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

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

to take money out of a bank account.

protection against possible financial loss

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

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.

money paid to others for their services

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

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

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

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

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.

(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.

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

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.

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

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