| A | B |
|---|
| money market account | a type of savings account that requires a minimum balance and typically pays higher interest than a general savings account |
| certificate of deposit | a form of savings that requires an amount of money for a specific time period |
| direct deposit | a paycheck from an employer is directly deposited into an employee’s checking account |
| overdraft protection | service offered by banks when there is not enough money in an account to cover all of the transactions |
| debit card | card that can be used for transactions where the money comes directly out of the checking or savings account |
| credit card | card that uses borrowed funds from a lender to pay for transactions |
| secured credit card | a type of credit card that may be offered to someone with poor credit |
| insufficient funds fee (NSF) | fee incurred by obtaining a negative balance in a checking account; |
| cryptocurrency | a form of digital currency |
