BANK VOBABULARY

Bank Vocabulary - Multiple Choice Quiz

1. What is a record of financial transactions for an individual or business?

Loan Account Interest Overdraft

2. What do you call the amount of money available in an account?

Balance Statement Transaction Loan

3. What is money placed into a bank account called?

Deposit Withdrawal Loan Credit

4. What is the act of taking money out of a bank account?

Deposit Interest Withdrawal Loan

5. What is a loan used to buy a house or property called?

Overdraft Mortgage Deposit Balance

6. What is the cost of borrowing money or the earnings from a savings account?

Interest Loan Balance Withdrawal

7. What do you call a machine used to withdraw or deposit money?

Teller ATM Debit Card Credit Card

8. What is the act of using more money than is available in your account?

Loan Overdraft Credit Debit Card

9. What is any action involving money moving in or out of an account?

Transaction Balance Mortgage Credit

10. What document shows all transactions for an account over a period?

Statement Loan Credit Score ATM

11. What is money that a bank allows a person to use and pay back later?

Credit Loan Debit Card Savings Account

12. What is a card that allows direct payment from a bank account?

Debit Card Credit Card Mortgage Statement

13. What number represents a person’s creditworthiness?

Credit Score ATM Balance Loan

14. What type of bank account is designed for storing and earning interest on money?

Savings Account Checking Account Mortgage Overdraft

15. What type of account is used for daily transactions?

Checking Account Savings Account Loan Credit

16. What is the electronic transfer of money from one account to another?

Wire Transfer ATM Debit Card Transaction

17. What secret code is used for security at ATMs and card transactions?

PIN Credit Score Loan Balance

18. Who is a bank employee who handles transactions with customers?

Teller ATM Credit Mortgage

19. What is a savings option with a fixed interest rate and term?

Certificate of Deposit Savings Account Loan Debit Card

20. What type of loan is used to buy a house or property?

Mortgage Loan Deposit Checking Account