A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- Debit CardA card tied to your checking account that pulls money directly from your balance when you pay for something or withdraw cash.
- PIN (Personal Identification Number)A private numeric code you enter to authorize debit card purchases and ATM withdrawals, protecting your account from unauthorized use.
- ATM FeeA charge for using a cash machine outside your bank's network, sometimes billed by both the machine's owner and your own bank.
- Checking AccountA bank account built for everyday spending, letting you deposit money and pay for things with a debit card, checks, or transfers.
- Available BalanceThe money in your account you can actually spend right now, after subtracting holds and pending transactions from the total balance.
- Cash WithdrawalTaking physical money out of your account through an ATM, a bank teller, or cash back at a store checkout.
More in Banking
Account NumberAccount ReconciliationACH TransferAPR (Annual Percentage Rate)APY (Annual Percentage Yield)Authorized User
Plain-English education — not personalized legal, tax, or investment advice.