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Tooltip Tags: banking

banking system

As financial intermediaries, banks stand between depositors who supply capital and borrowers who demand capital. Given how much commerce and individual wealth rests on healthy

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bank statement

A summary of financial transactions which have occurred over a given period of time on a bank account held by a person or business with

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bank transfer

An act of moving money from a bank account to another account (source: http://www.investorwords.com/8955/bank_transfer.html#ixzz2j7pAcqPF)

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bank identifier code [BIC]

Standard approved by the International Organization for Standardization (ISO), used when transferring money between banks, particularly for international wire transfers, and also for the exchange

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bank overdraft fee

Charge made by a bank when money is withdrawn from a bank account and the available balance goes below zero. (source: http://en.wikipedia.org/wiki/Overdraft)

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bank

An establishment authorized by a government to accept deposits, pay interest, clear checks, make loans, act as an intermediary in financial transactions, and provide other

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bank branch

A retail location where a bank, credit union, or other financial institution (and by extension, brokerage firms) offers a wide array of face-to-face and automated

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bank cheque

A bank’s own cheque, drawn on itself and signed by a bank official. (source: http://www.investorwords.com/8935/bank_cheque.html#ixzz26G0Dl6it)

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bank debit

A bookkeeping term for realization of the reduction of deposits held by bank customers. Bank debits can be the result of check payments, honored drafts

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