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Depository Institutions - FINAL REVIEW

AB
Automated teller machine (ATM)A machine that allows individuals to complete certain transactions from the machine without human assistance
Checking accountAn account that allows quick access to funds for transactions
Credit UnionDepository institutions that offer many banking services and are owned by their customers
Debit cardA plastic card that is electronically connected to the cardholder’s depository institution account
Depository institutionBusinesses that provide financial services
Online bankingAllows customers to complete certain transactions from a secured Internet site by using a username and password from any place in the world with Internet access
Savings accountAn account at a depository institution that is designed to hold money not spent on current consumption
EXTRAEXTRA


Business Teacher
Wichita High School South

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