| A | B |
|---|
| balance | the difference between credits and debits in an account |
| bank charges | money paid to a bank for the bank’s services etc |
| branch | local office or bureau of a bank |
| credit | money 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 account | bank a/c from which money may be drawn at any time |
| debit | a sum deducted from a bank account, as for a cheque |
| deposit account | bank a/c on which interest is paid |
| interest | money paid for the use of money lent |
| loan | money lent by a bank etc and that must be repaid with interest |
| overdraft | deficit 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 |
| payee | person to whom money is paid |
| paying-in slip | small document recording money that you pay in to a bank account |
| standing order | an instruction to a bank to make regular payments |
| statement | a 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 |
| Federal Deposit Insurance Corporation (FDIC) | preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails. |
| National Credit Union Administration (NCUA) | Provides, through regulation and supervision, a safe and sound credit union system, which promotes confidence in the national system of cooperative credit. |
