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Withdrawing Money; Current Account - Coggle Diagram
Withdrawing Money; Current Account
ATMs
Automated Teller Machine
ATM Card
Personal Identification Number
4 Digits
Debit or Credit Card
Withdraw Cash
Debit Cards
Electronic Access To Money
Electronic Chip
Links to 4 Digit PIN
Used to Authorise Card Machines
If There Is Not Enough Money It Will Be Declined
Allow for Contactless Payments
Direct Debit
Current Account Holder
Allows Variable Amounts To Be Paid From Their Account
Money is Paid to Creditor
Standing Order
Instruction to Financial Institution
To Pay Fixed Amount
To a Specific Person
On a Specific Date
Credit Transfer
Single or Once Off Payment Directly From One Current Account to Another
Cheque
Written instruction
Account holder to Bank
To Pay A Specific Amount Money
To a Named Person Or Business
Recently replaced by Technology
Bank Draft
Like a Cheque
Written on Banks Own Account
Must Pay using Money in Current Account