60 Bank-Related Words and their Meanings

Here are 60 bank-related words and their meanings:

Account – A record of money held by the bank.
Balance – The amount of money in your bank account.
Deposit – Putting money into your bank account.
Withdrawal – Taking money out of your bank account.
ATM – A machine that lets you withdraw money from your account.
Cheque – A written order to pay money from your account.
Credit – Money added to your account, or a loan.
Debit – Money taken from your account.
Loan – Money borrowed from the bank that must be paid back.
Interest – Extra money paid by the bank for keeping your money.
Statement – A document showing all transactions in your account.
Deposit Slip – A form used to deposit money into your account.
Bank Fee – Money charged by the bank for services.
Transfer – Moving money from one account to another.
PIN – A secret number used to access your account at an ATM.
Bank Branch – A local office of the bank.
Online Banking – Banking services available over the internet.
Loan Officer – A person who helps you get a loan.
Mortgage – A loan used to buy a house.
Overdraft – Spending more money than you have in your account.
Savings Account – An account for saving money with interest.
Checking Account – An account for day-to-day spending.
Currency – Money used in a country, like dollars or euros.
Vault – A safe place in the bank for storing money and valuables.
Bank Card – A card used to access your bank account.
Cheque Book – A book of cheques for paying bills.
Wire Transfer – Sending money electronically from one bank to another.
Foreign Exchange – Exchanging money from one currency to another.
Loan Term – The length of time you have to repay a loan.
Collateral – Property given as security for a loan.
Invest – To put money into something to earn more money.
Bankruptcy – When someone cannot pay their debts and asks the court for help.
Credit Card – A card used to borrow money from the bank.
Debit Card – A card used to spend money directly from your bank account.
Cheque Clearing – The process of moving money from one account to another when a cheque is used.
Financial Advisor – A person who gives advice on money and investments.
Term Deposit – A type of deposit account where money is kept for a fixed time.
Loan Repayment – Paying back the money you borrowed from a loan.
Branch Manager – The person in charge of a bank branch.
Transaction – An action involving the exchange of money.
Fee Waiver – When the bank does not charge a fee for a service.
Automatic Payment – A payment that happens automatically at regular intervals.
Investment Fund – Money put together by different people to invest in companies.
Balance Check – Checking how much money is in your account.
Debit Interest – Interest charged when you owe money to the bank.
Credit History – A record of how well you have paid back loans in the past.
Financial Statement – A report of a person’s or company’s finances.
Account Number – The unique number identifying your bank account.
Bank Draft – A cheque guaranteed by the bank.
Certified Cheque – A cheque guaranteed by the bank to be valid.
Safe Deposit Box – A small safe in the bank where you can store valuables.
Overdraft Protection – A service to avoid extra charges when you spend more than your account balance.
Interest Rate – The percentage of money you earn or pay on your savings or loan.
Payment Plan – A schedule for paying back a loan.
Credit Score – A number that shows how good you are at paying back money.
Direct Deposit – A payment directly into your bank account.
Account Holder – A person who owns a bank account.
Loan Agreement – A written document that explains the terms of a loan.
Prepaid Card – A card you load with money before you use it.
Banking Hours – The times when the bank is open for business.