• Banking Glossary

• Vocabulary Word	Definition	Example Sentence
  Loan	Money that is given to someone that has to be paid back over time	My home loan was approved by the bank yesterday.
  Account balance	The amount of money available in an account	His account balance looks great after he receives his salary.
  Savings account	A bank account where you keep money you want to save	I put money into my savings account every month.
  Checking account	A bank account that you can take money out of by writing checks or using a debit card	She has a checking account at First Bank.
  Credit score	A number that shows if you’d be able to repay a loan or use a credit card responsibly	I was able to get a student loan because of my good credit score.
  Interest rate	The amount charged for borrowing money from a bank	The interest rate on my loan is twenty percent.
  Overdraft	An amount spent that is more than the money available in your account	I spent too much money and was charged an overdraft fee.

Source : Alison