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18 Cards in this Set

  • Front
  • Back

direct deposit

an automatic deposit to a net employees designed bank account

automated teller machine (atm)

A computer termical that allows cash with drawls from a terminal

debit card

cash card to draw money from checking and savings accounts

commercial bank

institution offers full range stuff like savings accounts checking and lending

savings load assassination (s&l)

for mortgage and financial loans

credit union

non profit organization it help people be organized

certificate of deposit

rate of return of money left of deposit

money market account

its a account requires a certain amount of money but it earns interest

rate of return

the rate you earn interest on your savings

compounding

both the amount you deposited and your interest

annual percentage yield (apy)

the amount 100 dollars would earn after compounding for a year.

overdraft protection

loan made not to cover checks

stop payment order

to make a bank to stop from cashing a check cost 10 to 20 dollars

endorsement

signature of the payee

bank reconizaion

report of your accounts called balancing your check book

issurs

providers

quarterly

every three mounts

alternative

option