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.
- 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.
- Checking AccountA bank account built for everyday spending, letting you deposit money and pay for things with a debit card, checks, or transfers.
- Cash WithdrawalTaking physical money out of your account through an ATM, a bank teller, or cash back at a store checkout.
- Online BankingManaging your accounts through a bank's website, letting you check balances, move money, pay bills, and view statements from a browser.
- Two-Factor AuthenticationA security step that requires a second proof of identity, like a texted code, on top of your password to access your account.
More in Banking
Account NumberAccount ReconciliationACH TransferAPR (Annual Percentage Rate)APY (Annual Percentage Yield)ATM Fee
Plain-English education — not personalized legal, tax, or investment advice.