ATM
Debit Card
Credit Card
Checking Account
Savings Account
A card that allows you to borrow money from the bank to make purchases.
A card that allows you to make purchases using funds directly from your checking account.
An account that allows you to save money and earn interest on your balance.
A machine that allows you to withdraw cash, deposit money, and check your account balance.
An account that allows you to deposit and withdraw money for everyday transactions.
Withdrawal
Interest
Overdraft
Deposit
Loan
The amount of money charged by a lender for borrowing money or earned on an investment.
Money borrowed from a bank that must be repaid with interest over a specified period of time.
Adding money to a bank account.
Taking money out of a bank account.
A negative balance in a checking account caused by spending more money than is available.
Truth in Savings Act
Patriot Act
Equal Credit Opportunity Act
Fair Credit Reporting Act
Law that expanded provisions to prevent terrorism financing and money laundering (example: banks require an ID to create an account)
Law that regulates the collection, distribution, and use of consumer credit information to ensure accuracy and fairness in credit reporting.
Law that prohibits credit discrimination on the basis of race, sex, religion, national origin, marital status, or age.
Law that requires financial institutions to provide clear and accurate information about interest rates, fees, and terms associated with accounts.
