6 Terms
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Personal banking
Referring to the business when banks carry out transactions with customers directly, rather than with other banking institutions or with large corporations.
Industry: Banking
Add a new termContributors in Personal banking
Personal banking
cheque
Banking; Personal banking
A cheque is a document that orders a payment of money from a bank account. The person writing the cheque, the drawer, usually has a current account (most English speaking countries) or checking ...
banknote
Banking; Personal banking
A banknote (often known as a bill, paper money or simply a note) is a type of negotiable instrument known as a promissory note, made by a bank, payable to the bearer on demand.
debit card
Banking; Personal banking
A debit card (also known as a bank card or check card) is a plastic payment card that provides the cardholder electronic access to his or her bank account.
credit card
Banking; Personal banking
A credit card is a payment card issued to users as a system of payment. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them.
revolving account
Banking; Personal banking
A revolving account is an account created by a lender to represent debts where the outstanding balance does not have to be paid in full every month by the borrower to the lender.
charge card
Banking; Personal banking
A charge card is a card that provides a payment method enabling the cardholder to make purchases which are paid for by the card issuer, to whom the cardholder becomes indebted. The cardholder is ...
defined contribution plan
Banking; Personal banking
A pension or other employee benefit plan that provides a specified contribution amount for the benefit of eligible employees. The participants ultimately receive amounts that depend on both the ...
