2.0 Banking Unit Vocabulary

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Across
  1. 3. A check that has been paid or cleared by the bank. It will appear on your bank statement
  2. 9. A monthly document prepared by your financial institution which shows all of the transactions related to your account
  3. 10. A form you fill out to credit money to your account when you make a deposit
  4. 13. A sum of money deducted FROM your account
  5. 14. Money set aside for unanticipated expenses or loss of income
  6. 18. A record that allows you to keep track of checks you have written, ATM/debit card transactions, as well as deposits and withdrawals
  7. 19. A business that cashes checks and gives the customer cash in exchange for a fee for the service
  8. 20. A card that is directly connected to your checking account; it enables you to conduct ATM transactions and to make purchases instead of using cash or writing a check
  9. 21. Reinvesting earned interest back into the principal to allow money to grow exponentially over time
Down
  1. 1. Protection provided by the Federal Deposit Insurance Corporation; protects the deposits of customers against loss up to $250,000 per account
  2. 2. A bank product (CD) that earns interest on a lump-sum deposit that's untouched for a predetermined period of time
  3. 4. To sign the back of a check made out to you so it can be cashed or deposited
  4. 5. A written, dated, and signed order to the bank that tells it to pay a definite sum of money to a payee
  5. 6. The amount of money you have in your bank account
  6. 7. 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.
  7. 8. An automatic electronic deposit of net pay to an employee's designated bank account
  8. 11. A card that allows the holder to make purchases without cash by borrowing money
  9. 12. Money you put into your account
  10. 15. A sum of money deposited INTO an account
  11. 16. An application that runs on mobile devices. It securely stores your payment information and passwords and allows you to pay for items without needing your physical cards.
  12. 17. A handy portfolio that holds your check register, checks, deposit slips, receipts, and other records of ATM/debit card transactions