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Banking Vocabulary

AB
balancethe difference between credits and debits in an account
bank chargesmoney paid to a bank for the bank’s services etc
branchlocal office or bureau of a bank
creditmoney in a bank a/c; sum added to a bank a/c; money lent by a bank
credit card(plastic) card from a bank authorising the purchasing of goods on credit
current accountbank a/c from which money may be drawn at any time
debita sum deducted from a bank account, as for a cheque
deposit accountbank a/c on which interest is paid
interestmoney paid for the use of money lent
loanmoney lent by a bank etc and that must be repaid with interest
overdraftdeficit in a bank account caused by withdrawing more money than is paid in
pay in[paid, paid] to deposit or put money in to a bank account
payeeperson to whom money is paid
paying-in slipsmall document recording money that you pay in to a bank account
standing orderan instruction to a bank to make regular payments
statementa record of transactions in a bank account
withdraw[-drew, -drawn] to take money out of a bank account
debit card(plastic) card from a bank authorising the purchasing of goods--the money is taken directly from your account
charge card(plastic) card from a department store's credit center authorising the purchasing of goods on credit--usually 100% of the money is due each month


US History/Economics
Hollidaysburg Area High School
Hollidaysburg, PA

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