Banking Services (Junior Cert Business Studies): Flashcards
📚Flashcards
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Practise the cards
15 cards from this deck
Commercial bank definition
Commercial bank definition
Financial institution offering money services to businesses & customers
Why called 'high-street banks'?
Why called 'high-street banks'?
Found in most cities and towns
Bank branch meaning
Bank branch meaning
Location where a bank operates
Current account purpose
Current account purpose
Basic account for day-to-day transactions
Interest earned on current accounts
Interest earned on current accounts
No interest earned
Current account fee frequency
Current account fee frequency
Quarterly (four times per year)
Contactless payment limit
Contactless payment limit
€30
Standing order definition
Standing order definition
Automatic regular payments of fixed amounts
Direct debit definition
Direct debit definition
Variable automatic payments where amounts can change
Bank draft definition
Bank draft definition
Guaranteed payment issued by the bank
Overdraft definition
Overdraft definition
Withdraw more than you have, up to agreed limit
Credit card operators (companies)
Credit card operators (companies)
Mastercard or Visa
Mortgage definition
Mortgage definition
Loan secured against property
Bank statement definition
Bank statement definition
Record showing all transactions in/out of account over a period
% of Irish using online banking in 2018
% of Irish using online banking in 2018
58%