Banking Vocab

4. A term used to describe a person who does not use or does not have access to traditional financial services
5. Personal objectives you set for how you'll save and spend money
9. A card that is loaded with a specific cash amount before you use it
10. Electronic transfer of a payment directly from the account of the payer to the recipient's account
14. Automatic Teller Machine. Allows a person to manage a bank account holder's funds through actions such as withdrawing or depositing money, viewing account balances, etc.
18. A financial safety net for future mishaps and/or unexpected expenses
19. a nonprofit-making money cooperative whose members can borrow from pooled
20. A secure electronic service that allows customers to pay bills without having to write checks and mail them
21. Earning interest on both the money you've saved and the interest you earn.

1. A fee charged to your account when it lacks the funds to cover a withdrawal, but the bank allows the transaction to go through anyway
2. An easy budgeting method that can help you to manage your money effectively, simply and sustainably.
3. prepaid card arranged by an employer for the purpose of paying its employees' wages or salary. An employer arranges with a bank or other financial institution to pay its employees with a payroll card
6. Putting a portion of income into savings before spending on non necessity items.
7. A monthly document prepared by your financial institution which shows all of the transactions related to your account
8. An emergency fund is a financial safety net for future mishaps and/or unexpected expenses. Emergency funds should typically have three to six months' worth of expenses.
11. A general increase in prices and fall in the purchasing value of money.
12. A deposit account held at a financial institution that allows withdrawals and deposits. Very liquid and can be accessed using checks, automated teller machines (ATMs), and electronic debits, among other methods. allows for numerous withdrawals.
13. Taking money out of an account.
15. a basic account type that lets you deposit money safely with a bank. It ensures safety and access to your money whenever you need. You can withdraw your funds, either digitally or in person, at any point in time.
16. at low interest rates.
17. Money you put into your account