Match the words (1-10) with their definitions (a-j):

1. Electronic funds transfer (EFT)
2. Disclosure
3. Digital wallet
4. Deposit
5. Available balance
6. EMV/Chip Card
7. Automatic payment
8. Active account
9. Account statement
10. Account balance

a. An open bank account in which transactions can be made; usually an account that has had activity within the last 3 years.
b .The amount of money in an account at the start of the business day, including all deposits and withdrawals posted the previous night, whether or not the funds have been collected
c. An arrangement that automatically deducts funds from your account on the day you choose in order to pay a recurring bill (for example, a car loan payment or a mortgage payment).
e. Information pertaining to an account’s services, fees and regulatory requirements.
f. Money added into a customer’s bank account.
g. You can use the credit and debit cards stored in your digital wallet to make purchases at participating merchants.
h. A printed or online statement of all the transactions that occur on your account during a statement cycle.
i. Any transfer of funds initiated by electronic means from an electronic terminal, telephone, computer, ATM or magnetic tape.
j. The amount of money in your account that is available for immediate use.

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Match the words (1-10) with their definitions (a-j): 1. Electronic funds transfer (EFT) 2. Disclosu...

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