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so were starting a new unit on checking accounts in consumer math and our first lesson is going to discuss deposits and all of the vocabulary that youre going to need to understand in running your own checking account so if you need to pause the video to put these into your notebook these are our four vocabulary terms the first one is what an actual deposit is so the deposit is any money that you put into your account whether it is a savings account or a checking account but that could be consist of checks currency coins banking accounts savings accounts any kind of account that you have the money that goes in is the deposit you might also have a direct deposit my checking my paycheck for the month for the two weeks is put into a direct deposit that means that my employer puts that check directly into my bank they dont give it to me it gets set sent electronically and it shows up in my account two times a month thats what a direct deposit is you can also electronically send money t