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
- Online BankingManaging your accounts through a bank's website, letting you check balances, move money, pay bills, and view statements from a browser.
- Mobile BankingUsing a bank's smartphone app to check balances, transfer funds, deposit checks, and manage accounts on the go.
- Checking AccountA bank account built for everyday spending, letting you deposit money and pay for things with a debit card, checks, or transfers.
- Savings AccountA bank account meant for storing money you don't need right away, usually paying a small amount of interest on the balance.
- Account ReconciliationComparing your own record of transactions against your bank statement to catch errors, missed charges, or fraud.
- Bill PayA banking feature that sends payments to your billers automatically or on demand, either electronically or by mailed check.
More in Banking
Account NumberACH TransferAPR (Annual Percentage Rate)APY (Annual Percentage Yield)ATM (Automated Teller Machine)ATM Fee
Plain-English education — not personalized legal, tax, or investment advice.