Banking Vocabulary

3. An amount of money taken out of your account. A debit card is a card that allows you to tae money out of your account (you must have the money in your account to use it).
4. The amount of money you have in your account. For example, Hailey has a current balance of $287 in her bank account.
6. This is money that you can borrow. Credit cards are plastic cards that you can buy things with. You are borrowing money (credit) from Visa, MasterCard, or another company. People do not own their credit cards; the bank or credit card company owns everyone’s cards.
8. The bank or the building where customers use the bank services.
9. A record of the money that a customer as at the bank.
11. To allow. For example, the bank authorized Nick to take out $3000 to buy a used car.
12. The money or cheque you put into your account.
13. This is a place very similar to a bank, but each customer is a member of the credit union. Most credit unions offer similar services as banks. (two words)
17. Means something has been ‘okayed’ by the bank.

1. This is the short name for an automated teller machine, also known as a money machine or cash machine.
2. To ask for something in writing.
3. This means ‘to take away.’ For example, the bank deducted $10 from Amrit’s bank account for services fees.
4. The papers (or online record) you get every month from your bank that list all of the activities in your account for the month. (two words)
5. To sign your name on the back of a cheque in order to cash it or deposit it.
6. When the bank verifies there is enough money in the account to cover the amount of the cheque.
7. To get money now from a bank that a person does not own, and then to pay back to the bank at a later time.
10. Bills (paper money) or coins.
14. Means ‘late’ at the bank. For example, Michael’s rent cheque to his landlord was delinquent.
15. Another name for money.
16. A staff member who helps customers.
17. A small rectangular piece of paper you can use to pay for things. Cheques need to be filled out properly.