If you have recently deposited a check or made purchases, those transactions may still be marked as pending and may not be included in your available balance.Ĭash equivalents. Highly liquid accounts holding funds that can be accessed immediately without penalty or risk of loss. Many banks offer access to a network of fee-free ATMs.Īvailable balance. The amount of money you have in your bank account that is available to spend or withdraw. A convenient location for basic banking transactions, such as withdrawing cash, depositing checks or making balance inquiries. Savers can use APY as one of several factors to help determine which savings options are the best.ĪTM (Automated Teller Machine). When you borrow money, whether it’s via a credit card, car loan or another loan, the lender is required to disclose the APR, so you understand the full cost of borrowing the money.ĪPY (Annual Percentage Yield). The annual yield earned on a deposit account, such as a savings, money market or CD account. When you sign up for direct deposit of your paycheck at work, that money often moves into your bank account via ACH.ĪPR (Annual Percentage Rate). Banks use ACH payments to move money between them. When you open a financial account-whether it’s a checking account, savings account, CD or money market account-you have certain rights and responsibilities as an account holder.ĪCH (Automated Clearing House). ACH is a type of electronic funds transfer system that operates between banks, businesses and individual consumers in a nationwide network. Send us feedback about these examples.Account. A type of financial property or financial obligation that is held and owned under your name. These examples are programmatically compiled from various online sources to illustrate current usage of the word 'bank.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. 2023 For instance, First Republic Bank was wobbling for weeks before it was seized early Monday by regulators, who then accepted a bid from banking giant JPMorgan Chase for almost all of its assets. 2023 Fed officials have also banked on supply chain issues being solved over time to increase the supply of goods, cooling prices in that part of the economy as well. 2023 And yet, Tariq says, no one is banking on law enforcement to step in. 2023 The dairy industry isn’t banking on nostalgia to save the day. Etan Vlessing, The Hollywood Reporter, 18 Apr. market, in the U.K, Australia, Germany, Denmark and, in all, 26 global markets. 2023 Peacock will be banking on a tried and true format that has made Love Island a ratings success beyond the U.S. Aimee Picchi, CBS News, And according to Deft Research’s 2022 Medicare Digital Tools Study (membership required), more seniors are spending time online to manage their lives, with 75% actively banking online and more than half buying clothing, compared to 72% and 45% in 2021, respectively. Laura Paddison, CNN, First Republic Bank was teetering for weeks before it was seized early Monday by regulators, who then accepted a bid from banking giant JPMorgan Chase to acquire almost all of its assets. Verb The world is banking on giant carbon-sucking fans to clean our climate mess. David Fear, Rolling Stone, Comer released a 36-page memo on Wednesday, noting his committee had subpoenaed four banks and received thousands of records. Joel Umanzor, San Francisco Chronicle, Two banks in Texas have been robbed in both cases, the culprits have only taken a single safe-deposit box. Valerie Gonzalez,, San Francisco police arrested a man suspected of robbing nine banks in six days, according to authorities. Catherine Porter James Hill, New York Times, On Thursday, about 400 migrants huddled in strong winds whipping up the sand on the bank of the Rio Grande east of El Paso as groups of Texas National Guard soldiers constructed concertina wire barriers. Jacob Silverman, The New Republic, During huge rainstorms, 40 portholes dotting the river’s paved banks gush with sewage. Carol Robinson | al, The New York Department of Financial Services claimed, however, that the takeover of the bank had little to do with its crypto business and more to do with its shaky balance sheet. Krystal Hur, CNN, The suspect fled the bank with an undetermined amount of money. Noun But the turmoil has largely been contained to regional banks, and both financial and economic leaders have maintained that the banking sector remains stable.
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