Tuesday, October 7, 2008

Chapter 2 New Terms

automated teller machine (ATM) - a self-serve banking machine that lets you conduct routing banking transitions.

bank card - a plastic card with a magnetic strip that allows you access to bank services or to make a direct bank payment.

over draw - to takeout more money than is in your account

reconcile - to make one account record consistant with another

service charge - a fee that the bank charges to your account for its service

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