Finance

Checking account

Bank or credit union that is designed for every day, financial transactions and easy access to your money

How does a checking account work?

Can you add money to the account through paychecks and you spend or move money using a debit card

overdraft

when you withdraw more money from your checking account than it contains, resulting in a negative balance.

Minimum balance

The amount you have to have in your account to not have to pay for

APY

Annual percentage yield the amount of money over a year you will earn at the end of the year

Emergency fund

The money you have saved for an emergency automation a

Automation

Taking a certain amount overtime, putting into saving

Interest

What the bank gave you for holding onto your money?