ATM is short for automated (or automatic) teller machine. An ATM is basically a computer hooked to an interface which allows people to withdraw money from their bank account without having to interact with a live bank employee. Some machines offer transactions other than cash withdrawal. ATMs...
Checking accounts allow individual and business depositors within financial institutions to deposit money and withdraw funds via a Federal Insurance Deposit Corporation (FDIC) insured account. The terms and services offered by banks and various financial institutions vary tremendously though...
A bank card is a plastic card given by the bank to an account holder. It is also called an ATM card and looks just like a credit card. Other financial institutions such as credit unions and bank societies also issue bank cards. The typical size of a bank card is 86 x 54 mm. In general, bank...
A cash advance is a term used to describe a feature or service that are inherently included in credit cards. This is the option of cardholders to borrow actually money against their current credit card balance. Usually, the amount of money that can be taken for a cash advance is a percentage of...
There are many kinds of bank fees that an account holder has to pay. The best way to avoid unnecessary bank fees is to make sure that you understand the rules and regulations that your bank has with regard to the active accounts you have with your bank. If you are going to open a new bank account,...
A credit card cash advance is a means to obtain cash straight from your credit card, without having to apply for a loan at the bank. In order to get a cash advance using your credit card, you simply have to go to an ATM and use the credit card as you would a normal ATM card. You will be prompted...
A checking account is a kind of bank account which is meant to make funds available any time the account owner needs access to it - on demand. It is a deposit account which differs from a savings account mainly because a checking account is not kept for the purpose of accumulating money and earning...
A bank teller is an employee of the bank who deals with customers face to face. Bank tellers are the people who you interact with when you go to the bank to deposit or withdraw money, among other things. Sometimes, they are also called cashiers. In order to become a bank teller, the requirements...
A personal account is a relationship between a bank and an individual. As opposed to a business account or a commercial account, the owner of the account is a single person (or several individuals for joint personal accounts). More so, the purpose of the account is for personal use and is not...
A check cashing service is a particular type of service given by a company for the purpose of cashing a person’s check. The company earns from the process by imposing a fee for each check cashed. Personal banks cash checks as one of its services and it usually does this with no additional cost to...
