banking Flashcards
(9 cards)
1
Q
savings account
A
a account used to put money that is there save and to grow
2
Q
checkings Account
A
allows easier access to pay of thing either form a debit card or check
3
Q
money market Account
A
savings account that offers a high interest rate
4
Q
what happens if you go below the amount in your money market account?
A
you can be charge with fees
5
Q
certificated of deposit
A
put a certain amount of money for specific time period
6
Q
overdraft
A
when you spend more than what is in your account
7
Q
direct deposit
A
person paying you to electronically send that money directly to your account
8
Q
Branches
A
the building of the bank
9
Q
tellers
A
assist you with banking needs