Banking Vocabulary
Across
- 1. Short-term cash loan taken against the credit line on your credit card
- 3. Type of short-term loan that usually carries a high interest rate
- 5. Type of bank account that allows repeated withdrawals and deposits of money
- 7. Fee someone pays to borrow money
- 10. Type of deposit often done with paychecks where money is electronically transferred into a bank account
- 12. Type of savings account that pays interest on your money for a pre-set period of time, so you cannot withdraw money during that time without paying a penalty
- 15. State plan that allows you to save for higher education and training without paying taxes (three words)
- 16. First range of numbers at the bottom of a check, it identifies which bank is holding the money and is always nine digits
- 17. Type of investment that acts like a loan to a company or to the government
- 19. When more money is spent through a check or debit card than the amount actually in the account
- 22. Moving funds from one account or individual to another through a bank's website or mobile app
- 23. Interest that is generated on money put into an account plus any previous interest earned, meaning you earn interest on your interest
Down
- 2. Member-owned financial cooperative that offers the services of a bank (two words)
- 3. Personal Identification Number
- 4. Machine that allows you to deposit and withdraw money from your bank accounts with a card
- 6. Total amount of money in a bank account at any given time
- 8. Bank employee who helps with account transactions, like depositing or withdrawing money
- 9. Bank account designed to earn interest on money deposited
- 11. Comparing the check register to the bank statement and correcting any mistakes
- 13. Payment card that allows you to make electronic purchases directly from your checking account
- 14. Amount that is borrowed to be paid back at a later date, usually with added interest
- 18. A share of ownership in a company
- 20. Second series of numbers found at the bottom of a check, it is the primary identifier of ownership
- 21. When money is added into a bank account