Life Skills Vocab Chap. 14

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Insufficient funds are

not enough money in a checking account

Checking Account

money you can take out of the bank using a check

Deposit

money you put in the bank

Check

an amount of money on a written order

Minimum deposit

the lowest amount of money needed in an account

Withdraw

remove something

Intrest

a fee that you pay when you borrow money

Fee

cost

ATM

an automatic teller machine

Signature Card

a card you sign when you open a bank account

Receipt

a slip of paper you fill out that shows how much money you put in or took from your bank account

Deposit Slip

a slip of paper you fill out that shows how much money you put in the bank

Check Register

a small chart where you record the checks you have written and deposits you have made

Balance

the amount of money in a bank account

Cash

dollar bills and coins

Savings Account

money in a bank that gains interest

Withdraw Slip

a piece of paper used to take money from the bank

Bank Statement

a report that the bank sends you to show how much money is in your checking or savings account