Banking Vocabulary

5. money charged for completing a banking transaction
6. this account holds money for future use
7. the act of withdrawing/spending more money than the balance in a bank account
12. interest calculated on both the initial principal and all previously accumulated interest
13. bank employee who helps with account transactions like depositing or withdrawing money
14. taking money out of a bank account
16. interest charge that borrowers pay lenders for a loan, calculated using principal only
17. written record of the activity for a bank account over a monthly period

1. the person in charge of a local bank
2. someone who evaluates, authorizes, or approves personal or business loans
3. a fee charged to your account when you spend more money than you have
4. a product offered by a financial institution where customers put money in and take money out and the financial institution keeps a record of this information
8. a card (usually plastic) that enables the holder to withdraw money or have the cost of purchases charged directly to the holders account
9. a fee charged each month for the convenience of having a bank account
10. an automatic deposit of a paycheck without having to take a physical check to the bank
11. activity performed on a bank account
13. moving money from one account to another
15. this account holds money that is intended for regular use