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Account number
The unique number given to each account opened with us.
ATM
Automated teller machine
Balance
The total amount of money available in or owing on any account.
Bank account
An account that is opened by us, to deposit and withdraw money.
Bank card
A plastic card with a magnetic identification stripe that lets transaction at an ATM.
Bank statement
Is a listing of all the transactions on your account. The statement tells you how much money is in your account at a specific time.
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Broker
Independent salesperson who offers a range of investment products from different companies.
Budget
A plan of how you spend your income.
Cashier or teller
Is a member of our branch staff who is responsible for transactions, including receiving deposits and cashing cheques.
Code of Banking Practice
A formal set of rules that control the activities of the banking sector to protect your interests.
Contract
A legal agreement between two parties.
Current account
Is an account used for the day-to-day handling of money that is keeping it secure, accessing it and paying bills.
Debit card
Lets you pay for goods and services without cheques. The amount you spend is taken from your account immediately.
Deposit
Is money you put into your bank account.
Direct debit or debit order
Is an agreement that you make with a third party and us for the third party to be paid from your account. The agreement may be for a fixed or variable amount.
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Drawer
The person drawing money from their account to pay someone else.
Electronic commerce
A method of buying goods on the Internet.
Income
Is the money you earn from wages, salaries, interest or profits.
Interest
Money paid to you by us for safeguarding your money. It can also be money paid to us for borrowing money.
Interest rate
How much you are charged or paid expressed as a percentage.
Internet banking
Is a direct banking channel that lets you do most of your banking from a computer that has Internet access.
Investment
Money set aside over a specific period.
Loan
Money you borrow from us.
Mature
When a policy or investment reaches it agreed term and the money is either paid to you or reinvested.
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PIN
Is your personal identification number. It lets you access your account at an ATM.
Repayment plan
Is an agreement on how you will repay money you borrow from us.
Salary
Is a payment you receive for work you do.
Saver
Person who sets aside money for future use.
Savings
Money set aside to pay for specific items.
Savings account
Is an account that pays you interest on the money in your account.
Secure electronic payment (SEP)
Ensures that your personal details remain confidential when you pay for items you buy on bluebean.com.
Service fees
Amounts charged by us for our services.
Stop order
Is an instruction you give us to pay a fixed amount at regular intervals into another account. It can be used for
transferring money between accounts or making regular payments.
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Transaction account
Gives you the freedom to withdraw and deposit money, and pay your bills through a number of channels including branches, ATMs, and Internet, cellphone and telephone banking.
Unit trusts
Trust funds made up of a variety of company shares that are traded on a stock market
Withdrawal
Money you take out of your account.
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