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Ch 3 Vocab Part 2

Across
Personal identification number (for use with ATM and debit cards)
Writing a check for more money than you have. Also known as bouncing a check. Also, can occur if a debit card is used to pay for an item without having sufficient funds in your account.
The act of taking money out of a bank account, or the amount of money taken out.
Automated teller machine.
The amount of money you have in a bank account.
Down
The amount of money paid to a customer by the bank for keeping the customer’s (savings) money. Also, the amount of money paid to the bank by the customer when the customer borrows (funds) money from the bank.
A mutual savings bank or a savings and loan institution; specializing in savings accounts and mortgages (loans to purchase a house). They often pay higher interest rates than banks.
A sum of money placed or kept in a bank account, usually to gain interest.
The idea of dividing a year into "quarters" or once every 3 months. Usually indicates the last day of March, June, September, and December.
A charge to the customer by the bank for a service such as overdrafting an account or using an ATM.