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Common Terms

U.S. Term
Canadian Term
ATM - Automated Teller Machine ABM - Automated Banking Machine
CD - Certificate of Deposit
TD - Timed Deposit
GIC - Guaranteed Investment Certificate
Check - Written instrument to draft money from a demand deposit account Cheque - Same as U.S. term
IRA - Individual Retirement Account
401(k) - Employer sponsored retirement account
RRSP - Registered Retirement Savings Plan; can be interchangeable with either an IRA or a 401(k)
PIN - Personal Identification Number; 4 digits PSC - Personal Security Code; 4 digits
ABA/ACH Number - 9-digit number identifying the bank's location and transit information Transit & Bank (Institution) Number - 5-digit number identifying your branch and the 3-digit number identifying your bank (institution)
SSN - Social Security Number; 9 digits SIN - Social Insurance Number; 9 digits
Visa Check Card - A debit card used to make purchases, access cash, and complete online transactions. The amount of the transaction is deducted from a corresponding checking account. Debit or Client Card - Same as U.S. term