Checking Account
ATM
Debit Card
Savings Account
Credit Card
A card that allows you to make purchases using funds directly from your checking account.
An account that allows you to save money and earn interest on your balance.
An account that allows you to deposit and withdraw money for everyday transactions.
A machine that allows you to withdraw cash, deposit money, and check your account balance.
A card that allows you to borrow money from the bank to make purchases.
Deposit
Loan
Withdrawal
Interest
Overdraft
The amount of money charged by a lender for borrowing money or earned on an investment.
Adding money to a bank account.
A negative balance in a checking account caused by spending more money than is available.
Taking money out of a bank account.
Money borrowed from a bank that must be repaid with interest over a specified period of time.
Truth in Savings Act
Patriot Act
Fair Credit Reporting Act
Equal Credit Opportunity Act
Law that prohibits credit discrimination on the basis of race, sex, religion, national origin, marital status, or age.
Law that expanded provisions to prevent terrorism financing and money laundering (example: banks require an ID to create an account)
Law that regulates the collection, distribution, and use of consumer credit information to ensure accuracy and fairness in credit reporting.
Law that requires financial institutions to provide clear and accurate information about interest rates, fees, and terms associated with accounts.