Tooltip Categories: Economics & Finance

bank statement

A summary of financial transactions which have occurred over a given period of time on a bank account held by a person or business with

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bank transfer

An act of moving money from a bank account to another account (source: http://www.investorwords.com/8955/bank_transfer.html#ixzz2j7pAcqPF)

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bank

An establishment authorized by a government to accept deposits, pay interest, clear checks, make loans, act as an intermediary in financial transactions, and provide other

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bank branch

A retail location where a bank, credit union, or other financial institution (and by extension, brokerage firms) offers a wide array of face-to-face and automated

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bank charges

A fee levied on an account by a financial institution. A bank charge can result from the account holder not maintaining a minimum balance, for

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bank cheque

A bank’s own cheque, drawn on itself and signed by a bank official. (source: http://www.investorwords.com/8935/bank_cheque.html#ixzz26G0Dl6it)

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bank debit

A bookkeeping term for realization of the reduction of deposits held by bank customers. Bank debits can be the result of check payments, honored drafts

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bank deposit

Money placed into a banking institution for safekeeping. Bank deposits are made to deposit accounts at a banking institution, such as savings accounts, checking accounts

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bank discount

The bank charge made for payment of a note prior to maturity, expressed as a percentage of the note’s face value. (Read more: http://www.investorwords.com/403/bank_discount.html#ixzz2K2rpCjaD)

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bank fees

Charges and fees made by a bank to their customers. In common parlance, the term often relates to charges in respect of personal current accounts

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