Banking By: debshoganteaching Business Bingo Banking By: debshoganteaching

Pick 9 terms from the Table Below Draw a Table with 9 Cells Pick 9 terms from the Table Below The 1st one to cross off all nine terms WINS!! money currency Credit card Charge card Store card ATM card Visa Debit card Deposit account Current account Cheque Drawer Payee Drawee Stale cheque Post-dated cheque Endorsing a cheque Bank reconciliation SO DD CT Paypath CAR DIRT Simple interest Dishonoured cheque

Definitions An instruction given to a bank to pay a fixed sum of money on a fixed date each month. When the bank moves money from one customer’s bank account to another. An employer pays a worker’s wages into the worker’s bank account electronically. When interest is calculated on the original sum plus interest earned to date. Tax on deposit interest that is retained by the bank and handed on to the government. Cash: it consists of notes and coins. Issued by big shops and garages e.g. top oil Knows as laser card, used to make electronic payments at the till. An account where a person puts in money to receive a return called interest.

Also known as a cheque book account. The person who signs the cheque. The bank the cheque is drawn on. A cheque that is more than 6 months old. A cheque that is dated sometime in the future. A way of making the cheque safer by restricting its movements. Passing on a cheque to someone else by the payee signing their name on the back of the cheque. A cheque that the bank refuse to accept because it’s out of date, no money in the account etc.

Standing order (SO) Credit transfer (CT) Paypath CAR (compound annual interest) DIRT Currency Store card Visa Debit card Deposit/savings account Current account Drawer Drawee Stale cheque Post-dated cheque Crossing a cheque Endorsing a cheque Dishonoured cheque