banking Flashcards

(9 cards)

1
Q

savings account

A

a account used to put money that is there save and to grow

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2
Q

checkings Account

A

allows easier access to pay of thing either form a debit card or check

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3
Q

money market Account

A

savings account that offers a high interest rate

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4
Q

what happens if you go below the amount in your money market account?

A

you can be charge with fees

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5
Q

certificated of deposit

A

put a certain amount of money for specific time period

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6
Q

overdraft

A

when you spend more than what is in your account

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7
Q

direct deposit

A

person paying you to electronically send that money directly to your account

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8
Q

Branches

A

the building of the bank

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9
Q

tellers

A

assist you with banking needs

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