Banking Vocabulary

You can ONLY make a deposit at a bank.

a place to purchase groceries

a place where customers keep, save or borrow money.

when you take OUT money from your checking account.

The amount of money in ones bank account at any given time.

Putting money IN your checking account

an employee of the phone company

An employee of a bank who job it is to help customers handle their money.

Bank teller will open new accounts.

Bounce

Teller

deposit

tree

a place you go to buy clothes

Local office of a bank where customers can go to do their banking.

A checking account is a deposit account held at a financial institution that allows withdrawals and deposits

A checking account is used to save money.

A checking account does not issue you checks.

issued by your parents

free money from the bank.

A plastic card used to make purchases today that you have promised to pay back later to your bank. Likely with interest.

Just like a credit card

a plastic payment card that can be used instead of cash when making purchases. It is similar to a credit card, but unlike a credit card, the money is immediately taken from your bank account to pay for the transaction.

The money is deposited weekly and your parents arrange the amounts.