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Money maddness
| Term | Definition |
|---|---|
| Atm | ATM stands for, automated teller machine, a machine at a bank witch enables people to perform basic activities like checking a balance. They can also withdraw ( take out ) or transfer funds even if the bank is closed. |
| Certified Check | A check or amount of money were the bank promises payment. |
| checking account | An account in a bank where the bank holds your money and you can write checks. Sometimes the bank will pay interest. |
| Check Register | The record of how much money has been taken out and deposited in my checking account. The register has to match what the bank says. |
| Debit Card | A debit card lets you get money from your checking account right away but you can only spend as much money as is in your account. |
| Direct Deposit | When money is put directly into an account without writing a check. paychecks are usually done this way. |
| Online Banking | Banking done over the internet. |
| Savings Account | An account that makes interest but can't use checks. |
| Signature Card | When you open an account you have to sign a card. The bank uses your signature to make sure you are the person signing checks. |
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