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Bank Services VOCABULARY

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