| A | B |
|---|
| automated teller machine | 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 payment device and the physical point of sale (POS) terminal or store clerk |
| credit union | depository institutions 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 depository institutions have developed that allow online banking access from devices such as smartphones, tablets, and other mobile devices |
| online banking | allows customers to complete certain transactions from a secured Internet site by using a username and password from any place in the work with Internet access |
| savings tool | accounts offered by depository institutions whose main purpose is to help people manage their money |
| savings account | an account at a depository institution that is designed to hold money not spent on current consumption |
