Life skill vocab 2

18 cards·by cramerd

Insufficient funds

not enough money in a checking account for the bank to pay the checks you write

Checking account

money in a bank that can be taken out using a check or a ATM card

Deposit

money put in the bank

check

a written order directing a bank to pay a certain amount of money from the account of the personthat signs it to the person named

minimum deposit

the lowest amount of money needed in an account

withdraw

remove something

interest

money that a bank pays you for keeping your money in there bank

fee

cost

ATM

an automatic teller machine

sighature

a card you sign when you open a bank account

deposit slip

a slip of paper you show to see how much money you have in the bank

receipt

how much money you took or put in the bank

check register

a small chart where you record all of the records and checks you written

balance

the amount of money in a bank account

cash

dollar bills and coins

savings account

money in the bank that gains interest

withdrawal slip

a piece of paper used to take money from your account

bank statement

lists ant checks you wrote or deposits or withdrawal you made