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Browse All Banking Terms

Learn the essential terms used in everyday banking—from checking and savings accounts to routing numbers and ACH transfers. This glossary helps you understand how banks, credit unions, and digital financial tools work so you can manage your money with confidence.

List of Banking Terms

ABA Number

What Is an ABA Number? An ABA number, also known as an ABA routing number, is a nine-digit code assigned…

Account Agreement

What Is an Account Agreement? An account agreement is a legal contract between a financial institution and a customer that…

Account Balance

What Is an Account Balance? Account balance refers to the total amount of money currently in a financial account. It…

Account History

What Is an Account Agreement? An account agreement is the legal contract between a financial institution and an account holder…

Account Holder

What Is an Account Holder? An account holder is the individual or entity that owns and is authorized to use…

Account Maintenance Fee

What Is an Account Maintenance Fee? Account maintenance fee is a charge imposed by a financial institution for managing and…

Account Number

What Is an Account Number? An account number is a unique identifier assigned to a bank or financial account. It…

ACH Transfer

What Is an ACH Transfer? An ACH transfer is an electronic bank-to-bank payment processed through the Automated Clearing House (ACH)…

Affidavit

What Is an Affidavit? An affidavit is a written statement of facts that a person swears or affirms to be…

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