Functional Skills Banking Vocab

Teller

A person who works at the bank.

Endorse

Write one's signature on the back of check.

Signature

Your name written in your own handwriting.

Bank Statement

A statement received monthly from the bank that shows your bank transactions and balance

Transaction

Any business done with a the bank, such as a withdrawal or deposit.

Application

Form you must fill out to open a bank account.

PIN number

Personal identification number; a number you choose and use to gain access to various accounts .

Withdraw

Take money out of a bank account.

Balance

The amount of money that is left in your account.

Vault

The secure place a bank keeps its money.

Overdrawn

To have spent more money than is in your account.

Deposit

To put money into a bank account.

Checking Account

A bank account that allows withdrawals by writing a check.

Savings Account

A bank account that helps you save money and earn a small amount of interest at the same time.

Bank Card

A card used to make a purchase or used at an ATM.

Bank

A company that provides savings and checking accounts and other financial services to its customers.

Fee

A fixed sum of money charged by the bank (subtracted from your balance)

Check

A form you get from the bank to use like money.

Reciept

A piece of paper that shows when, where, and what you paid for.

Check Register

A record of deposits and withdrawals from an account. Helps you keep track of how much money is in your account.

ATM

Automatic Teller Machine-a bank machine that allows you to take money out of your account or make deposits.

Cash

Money in the form of bills or coins.