| A | B |
|---|
| Checking account | a type of bank account that allows you to make deposits, write checks, and withdraw your money at any time. |
| Liquid | an investment that can be bought, sold, or converted to cash quickly. |
| Service Charge | a fee you must pay the bank for having an |
| Check register | a record of your checking account transactions. |
| Electronic banking | online banking |
| Overdraft | this is when you write a check for more money than you have. |
| Overdraft protection | is a service offered by the bank in which your check will be paid by the bank even if you do not have enough in your account to cover it. |
| Post-dated check | is a check with a date that is in the future. |
| Certificate of Deposit (CD) | is an account that earns a higher rate of interest than a regular saving account. |
| Money market accounts | are checking accounts that pay interest on the amount you have deposited in the account |
| Debit card | a plastic card that looks similar to a credit card. It allows users to pay for puchases by having the money drawn from a bank account |
| ATM | stands for automated teller machine. ATMs allow users to perform various banking tasks. |
| Outstanding check | check that has not yet been returned to the bank for payment |
| FDIC | Its mission is to keep the financial system in the United States stable |
| Savings and loan association | offers saving accounts,k CDs, and checking account services. These associations earn money to pay inteest on your accounts by issuing home mortgages. |
| Credit unions | an organization that offers financial services. It exists to serve their members. |
