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ACH – This means automated clearing property, which is especially a way accustomed to transfer resources to and from bank accounts.

Interest rate – A charge that a lender will cost borrowers so as to borrow funds from them. It truly is expressed in percentage % for every annum.

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Debit card – This is a card issued by a bank or A few other financial establishment and sometimes utilized for buys. The purchase is deducted straight from a checking account.

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