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.
- PIN (Personal Identification Number)A private numeric code you enter to authorize debit card purchases and ATM withdrawals, protecting your account from unauthorized use.
- Checking AccountA bank account built for everyday spending, letting you deposit money and pay for things with a debit card, checks, or transfers.
- E-StatementA digital version of your monthly account statement delivered through online or mobile banking instead of on paper by mail.
- Overdraft ProtectionA bank service that covers transactions when your balance runs short, usually by pulling from a linked account or a small line of credit.
More in Banking
Account NumberAccount ReconciliationACH TransferAPR (Annual Percentage Rate)APY (Annual Percentage Yield)ATM (Automated Teller Machine)
Plain-English education — not personalized legal, tax, or investment advice.