citizensbank.com

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Definitions (36)

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529 savings plan


An account used to save for college expenses that are authorized by Section 529 of the Internal Revenue Code.
Source: citizensbank.com

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account balance


The total amount of money currently in your account. This balance differs from Available Balance in that the Account Balance may include funds not available to spend. This includes funds that are part [..]
Source: citizensbank.com

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account statement


A document, available either by mail or online, that displays account information over a defined period of time, most typically a month. Statement information usually includes your account number, sta [..]
Source: citizensbank.com

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annual percentage yield


On interest-bearing accounts, the annual percentage yield is the amount you will earn on your money over the course of a year. Expressed as a percentage, the APY takes into account both the interest r [..]
Source: citizensbank.com

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automated clearing house


Utilized in the United States, an automated clearing house (ACH) is an electronic network for processing both credit and debit transactions online. Automatic payments for bills such as student loans m [..]
Source: citizensbank.com

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automatic funds transfer


The scheduled, online movement of funds from one account to another on a pre-determined schedule.
Source: citizensbank.com

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automatic payment


Automated, scheduled payments you authorize to be made directly from your bank account to the payee. Payments are usually made on a scheduled frequency determined by the account holder.
Source: citizensbank.com

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bounced check


A check that is returned unpaid because the Available Balance in your account at the time the payment is submitted for processing is less than the amount of the check. Bounced checks usually will lead [..]
Source: citizensbank.com

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cancelled check


A check that has been approved and paid by your bank to the payee that now serves as record of payment. You can choose to have your cancelled checks returned to you by the bank for your records, or vi [..]
Source: citizensbank.com

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certificate of deposit


A bank account that has a required period of time during which funds must be left in the account. If you withdraw the funds prior to the date of maturity, there will likely be a fee. The maturity peri [..]
Source: citizensbank.com


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