Across
- 1. A bank product that earns interest on a lump-sum deposit that's untouched for a predetermined period of time
- 3. The amount of money you have in your bank account
- 7. The person to whom the check is made payable
- 10. Original amount of money saved or invested, separate from interest or earnings
- 14. The rate at which the price of goods increases and consumer purchasing power decreases over time
- 17. A fee paid to you for keeping your money in an account OR a fee charged to you for a loan or credit card
- 18. An automatic electronic deposit of net pay to an employee's designated bank account
- 19. Money set aside for unanticipated expenses or loss of income
- 21. A term used to describe a person who does not use or does not have access to traditional financial services
- 22. A monthly document prepared by your financial institution which shows all of the transactions related to your account
- 23. A consumer banking technology that allows you to schedule and make payments over the internet
- 24. A sum of money deducted FROM your account
Down
- 2. A record that allows you to keep track of checks you have written, ATM/debit card transactions, as well as deposits and withdrawals
- 4. 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.
- 5. Reinvesting earned interest back into the principal, so that interest is calculated on both the initial amount and the accumulated interest
- 6. A loan banks offer to their customers when they try to withdraw more funds than they have in their account, usually for a fee and with interest
- 8. A measurement of your assets (money you've saved or things of value you own) minus your liabilities (money you owe others); also called net worth
- 9. A mobile banking tool that allows you to deposit checks to your bank account using your mobile device
- 11. The buying of goods without planning to do so in advance, as a result of a sudden whim or urge
- 12. A popular savings rule of thumb in which 50% of your income goes towards necessities, 20% goes towards saving and debt repayment, and 30% goes towards flexible spending
- 13. To sign the back of a check made out to you so it can be cashed or deposited
- 15. A monthly fee that some banks charge to provide access to checking or savings accounts
- 16. A sum of money deposited INTO an account
- 20. a written, dated, and signed order to the bank that tells it to pay a definite sum of money to a payee