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Banking Terms & Definitions #2

Horizontales
A form that orders money to be paid from your account to a person or business.
Money paid to you from the bank on savings deposits; or money you must pay the bank on borrowed funds.
Automatic Teller Machine
One of the ways a financial services provider can charge customers for using an account or a payment card.
Verticales
If you ask for monthly statements and bank book updates, you may have to pay for this service.
A record of all your account transactions.
Personal Identification Number
An account used for everyday transactions. This type of account typically comes with a debit card and a chequebook.
An account used to safely store your money over a longer time, while also earning interest.
Banks and credit unions may charge a fee if there are insufficient funds to cover a transaction.