ATM - Automated Bank Machine, Debit Card - A card that you can buy things with, Bounce - When a transaction fails because you dont have enough funds in your account, APR - Annual Percentage Rate, Overdraft - An agreed amount of credit your bank allows you on your current account, BIC - Bank Identifier Number, IBAN - A unique number identifying your exact account, Cheque - A n order to your bank to pay the holder a set ammount from your account, Currency - A system of money in use in a country, Lodgement - A sum of money you put into the account, Withdrawal - A sum of money you take out of the account, A Payee - The person you want to pay money to, Credit Limit - A sum of money your bank agrees to lend you, Dividend - a share of the profits made, Bank Draft - Asking a bank to write a cheque for you , a bank Teller - someone who works in a bank, A transaction - A record of money moved in or out of your account,

Banking Terms for LCA

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