To improve your banking and finance knowledge and English vocabulary.
Here are 5 banking-related words and definitions:

Checking Account:
A bank account that allows customers to deposit and withdraw money, write checks, and use a debit card to make purchases.

Credit Score:
A numerical representation of a person’s creditworthiness. It is based on credit history, payment history, and other factors and is used by lenders to determine the likelihood of repayment.

Debit Card:
A card that allows customers to withdraw money from their checking account or make purchases. Transactions are deducted from the account balance immediately.

Direct Deposit:
A payment method that allows employers to deposit paychecks directly into an employee’s bank account. It eliminates the need for paper checks and can be more convenient for employees.

FDIC (Federal Deposit Insurance Corporation): A government agency that provides insurance for deposits in banks and savings institutions.