Chapter 8 Banking Terms

2. a bank service charge to protect you from overdraft fees
3. a company that charges high fees and interest, used by people with no bank accounts
5. a traditional brick and mortar bank
6. you have to be a member in order to keep money and get loans from this place.
7. a booklet or an app used to keep track of your spending and savings
8. a bank account for everyday use, its tied to your debit card
9. a bank account offering high interest for a certain length of time
11. a place where you keep money and get loans
13. when you compare your spending records with your bank records
14. a bank account to park your money, it's not meant for everyday use
15. a corporation backed by the federal government that protects your money in credit unions
17. a charged you pay when you overspend from your account
19. a bank with no physical location, everything is done online

1. a checking account that offers higher interest than a regular checking account
4. when your employer electronically sends your paycheck to the bank
8. a type of bank where you have to be a member
10. a person or family that has limited access to banking services
12. a corporation backed by the federal government that protects your money in banks
16. a person or family that has no banking services
18. a place where you can sell things in exchange for money
20. refers to how easy it is to convert an asset into cash