Share Bank Services VOCABULARY
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What is a Bank?
The institution that holds your money for you and can give you loans
What is a bank account?
The electronic place for your money
What is an ATM Card?
The card that allows you to deposit or withdraw your money
Who is a Teller?
Person that helps the bank clients
What is an ATM?
Automated Teller Machine. A machine that helps bank clients
What is a loan?
An agreement made with the bank. They give you money and you pay it back with Interst
What is Interest?
Extra money you have to pay back in addition to the money you borrow for a loan
What is a Withdrawal?
Take out cash from your account
What is a Coin Machine?
You can bring your coins and trade them for cash
What does Check my Balance mean?
You can find out how much money you have
What are some ways you can Check your Account Balance?
At the ATM, ask the Teller, Online, banking app
What does Making Change mean?
You can break up big bills or take in small bills and trade them for larger bills
What does it mean to Cash a Check?
You can bring your paycheck or personal check and trade it for cash
What does it mean to Deposit Money?
Put cash or check into your account
When you go into the bank, should you share your PIN?
No
When you go into the bank, should you share your bank account number?
No
