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
- ATM (Automated Teller Machine)A machine that lets you withdraw cash, deposit money, or check your balance without visiting a teller, using your debit card and PIN.
- Debit CardA card tied to your checking account that pulls money directly from your balance when you pay for something or withdraw cash.
- Available BalanceThe money in your account you can actually spend right now, after subtracting holds and pending transactions from the total balance.
- Checking AccountA bank account built for everyday spending, letting you deposit money and pay for things with a debit card, checks, or transfers.
- 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.
- Bank TellerA bank employee at a branch who handles in-person transactions such as deposits, withdrawals, and check cashing.
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Account NumberAccount ReconciliationACH TransferAPR (Annual Percentage Rate)APY (Annual Percentage Yield)Authorized User
Plain-English education — not personalized legal, tax, or investment advice.