BANKING TERMINOLOGIES

TERMS MEANING/ DEFINITIONS

ATM These are the machines that help in dispensing and/or receiving
( Automated cash, accepting deposits, checking details of bank balance,etc
teller machine)
Core Banking All branches of the bank are connected and the customer can access
solutions( CBS) their funds and/or transactions from any other branch.
Credit Card A credit card is a type of credit facility, provided by banks that allow
customers to borrow funds within a pre-approved credit limit. It
enables customers to make purchase transactions on goods and
services.

he credit card information includes credit card number, cardholder’s

name, expiration date, signature, CVC code, etc. The best part about a
credit card is that it is not linked to a bank account. So, whenever
you swipe your credit card, the amount is deducted from your credit card
limit, not your bank account.