banking accounts

What Are The Basic Banking Terms?

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What Are The Basic Banking Terms? Account. … ACH (Automated Clearing House). … APR (Annual Percentage Rate). … APY (Annual Percentage Yield). … ATM (Automated Teller Machine). … Available balance. … Cash equivalents. … Certificate of deposit (CD). What are the 5 most important banking services? Checking accounts. Savings accounts. Debit & credit cards. Insurance*

What Is Banking And Types Of Banking?

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What Is Banking And Types Of Banking? A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. There are several different kinds of banks including retail banks, commercial or corporate banks, and investment banks. What are