| A | B |
|---|
| Automated Teller Machine (ATM) | A machine that allows individuals to complete certain transactions from the machine without human assistance |
| Checking Account | An account that allows quick access to funds for transactions |
| Commercial bank | For profit depository businesses that offer financial services to both consumers and other businesses |
| Contactless payment | Payment transactions that can be completed with no physical connection between the device and the POS or clerk |
| Credit union | Depository institution that offer many banking services and are owned by their customers |
| Debit Card | A plastic card that is electronically connected to the cardholder's depository institution account |
| Depository Institution | Businesses that provide financial services |
| Interest | The price paid for using someone else's money |
| Interest rate | The percentage rate used to calculate interest |
| Mobile banking | Apps that many institutions have developed that allow online banking access from devices such as smartphones, etc. |
| Online banking | Allows customers to complete certain transactions from a secured Internet site by using user names and passwords anywhere |
| Savings account | An account at an institution that is designed to hold money not spent on current consumption |
| Savings tool | Accounts offered by depository institutions whose main purpose is to help people manage their money |
