Banking Terms

2. Money the bank charges you to borrow funds.
5. Electronic transfer of funds directly into a bank account (usually for salary).
7. A bank account used for daily spending and transactions, often with a debit card
9. Borrowed money that is paid back over time, usually with interest.
12. A long-term loan specifically used for buying a home.
15. The total interest earned on a savings account in one year (APY)
17. Assets, such as a car or house, pledged to secure a loan.
18. Failing to pay back a loan.
20. A monthly summary of all transactions in an account.
22. Moving money between accounts.
23. Machines used to withdraw cash and deposit funds (ATM).
24. Money added to a bank account.

1. An account designed for storing money, often earning interest over time.
3. A deficit in an account, allowing someone to spend more than their balance, usually leading to fees.
4. A savings account with a fixed term and interest rate (CD).
6. A nine-digit number that identifies a specific bank.
8. The process of spreading out loan payments over time.
10. Money the bank pays you for keeping money in a savings account.
11. The minimum amount required to keep an account open without incurring fees.
13. The total cost of borrowing, including interest rate and fees (APR).
14. A secret number used for accessing ATMs or making purchases (PIN).
16. The total funds immediately available for withdrawal or purchase, excluding pending holds.
19. Money removed from a bank account.
21. The initial amount borrowed, not including interest.