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18 Cards in this Set
- Front
- Back
direct deposit |
an automatic deposit to a net employees designed bank account |
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automated teller machine (atm) |
A computer termical that allows cash with drawls from a terminal |
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debit card |
cash card to draw money from checking and savings accounts |
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commercial bank |
institution offers full range stuff like savings accounts checking and lending |
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savings load assassination (s&l)
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for mortgage and financial loans |
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credit union |
non profit organization it help people be organized |
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certificate of deposit |
rate of return of money left of deposit |
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money market account |
its a account requires a certain amount of money but it earns interest |
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rate of return |
the rate you earn interest on your savings |
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compounding |
both the amount you deposited and your interest |
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annual percentage yield (apy) |
the amount 100 dollars would earn after compounding for a year. |
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overdraft protection |
loan made not to cover checks |
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stop payment order |
to make a bank to stop from cashing a check cost 10 to 20 dollars |
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endorsement |
signature of the payee |
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bank reconizaion |
report of your accounts called balancing your check book |
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issurs |
providers |
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quarterly |
every three mounts |
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alternative |
option |