IBAN
International Bank Account Number for cross-border payments.
BIC/SWIFT Code
Unique code for identifying banks in international transactions.
SEPA Transfer
Standard euro payments in the EU.
Direct Debit
Automatic withdrawal of money for bills/subscriptions.
Standing Order
Recurring transfers you set up, like rent.
Overdraft
Negative account balance.
Interest Rate
Percentage earned or paid on money.
Debit Card
Bank card linked to your account.
Credit Score
Rating of your credit reliability.
KYC
Identity check required to open accounts.
Mobile Banking
Manage your account via app.
Neobank
Fully digital bank, like bunq.
Business Account
Account for managing business finances.
Joint Account
Shared account with two or more users.
Saving Account
Account for saving money with interest.
Metal Card
Premium card with metal finish.
Payment Limit
Max amount you can spend or withdraw.
Bank Statement
Monthly activity report of your account.
Multi-Currency Account
Hold and use multiple currencies.
Recurring Payment
Subscription or repeating charge.
PSD2
EU regulation enabling open banking.
Credit Card
A card that lets you borrow funds to pay later.
Prepaid Card
A card loaded with money in advance.
Digital Card
A card used only online with no physical version.
Contactless Payment
Tap-and-go payment with a card or phone.
NFC (Near Field Communication)
Technology behind contactless payments.
SEPA
Standardized euro payments across Europe.
Chargeback
Reversal of a card transaction, often for disputes.
POS (Point of Sale)
The place where a card payment is made.
Savings Account
A bank account that earns interest over time.
Compound Interest
Interest earned on both the principal and previously earned interest.
APY
The yearly return on savings including compound interest.
Minimum Balance
The smallest amount required to keep the account active.
Withdrawal Limit
The number of times you can take money out per month.
Online Savings Account
A savings account managed via an app or website.
Emergency Fund
Savings set aside for unexpected expenses.
Tax on savings interest
Tax you may pay on earned interest.
Budget
A plan for how to spend and save money.
Net Income
What you earn after tax and deductions.
Gross Income
Your total income before tax.
Disposable Income
Money left after essential expenses.
Fixed Expenses
Regular monthly costs (e.g. rent, insurance).
Variable Expenses
Costs that change each month (e.g. groceries).
50/30/20 Rule
A budgeting method (needs/wants/savings).
Debt-to-Income Ratio
Percentage of income spent on debt.
Financial Goal
A personal saving or spending target.
Income Tax
Tax paid on wages, salaries, and self-employed income.
Capital Gains Tax
Tax on profits from selling assets like crypto, stocks, or property.
Tax Free Allowance
Income you can earn without paying tax.
Self Assessment
Declaring and paying your own tax, often used by freelancers and crypto traders.
PAYE
Tax deducted from your wages by your employer.
Revenue Commissioners
The Irish authority that manages taxes.
Tax Return
The form used to report income and pay tax.
USC
A tax on income over a certain amount.
PRSI
Contributions that fund social benefits.
Deductions
Expenses you can subtract from your income before tax.
Crypto Tax
Tax on gains from selling or converting cryptocurrencies.
Cryptocurrency
Digital money that uses encryption to secure transactions.
Bitcoin (BTC)
The first and most well-known cryptocurrency.
Ethereum (ETH)
A crypto platform that supports smart contracts.
Altcoin
Any cryptocurrency other than Bitcoin.
Wallet
A digital tool to store, send, and receive crypto.
Public Key
A crypto address others use to send you coins.
Private Key
A secret code that lets you access your crypto.
Blockchain
A digital ledger storing transaction data.
Gas Fees
Transaction fees paid on networks like Ethereum.
Staking
Earning rewards by holding certain cryptocurrencies.
DeFi (Decentralized Finance)
Financial tools built on blockchain.
Exchange
A platform to buy, sell, or trade crypto.
Fiat-to-Crypto
Converting regular currency into crypto.
NFT (Non-Fungible Token)
A unique digital asset often used in art or games.
Cold Wallet
Offline crypto storage for extra security.
Token
A crypto asset built on another blockchain (e.g., ERC-20).
Mining
Using computers to secure a network and earn crypto.
Stablecoin
A crypto asset tied to traditional currencies.
Stock
A share in the ownership of a company.
Share
A single unit of stock.
Stock Market
A platform where stocks are bought and sold.
Dividend
A payment to shareholders from company profits.
Capital Gain
Profit made from selling a stock for more than you paid.
ETF (Exchange-Traded Fund)
A basket of stocks you can trade like a single stock.
Index
A group of selected stocks (e.g., S&P 500) representing market performance.
Broker
A platform or person that helps you buy or sell stocks.
Order Types
Different ways to buy/sell (e.g., market order, limit order).
IPO (Initial Public Offering)
When a company sells stock to the public for the first time.
Portfolio
A collection of financial assets like stocks, ETFs, and bonds.
Volatility
How much and how quickly stock prices change.
Risk Tolerance
Your comfort level with investment risk.
Sole Proprietor
Self-employed individual business owner.
Freelancer
Self-employed person working on projects for clients.
ZZP’er
(Dutch term, not commonly used in Ireland).
VAT Number
Tax ID for business sales tax.
Business Expenses
Costs related to running a business.
Invoicing
Billing clients for products or services.
Fiscal Year
Accounting period used for tax reporting.
Bookkeeping
Recording and managing financial transactions.
Ledger
The main accounting record book.
Invoice ID
Unique identifier on invoices.
ECB (European Central Bank)
The central bank managing the euro.
Monetary Policy
ECB's actions to control inflation and support economic growth.
Inflation
Increase in prices over time.
Deflation
Decrease in overall price levels.
Refinancing Rate
Main rate at which banks borrow from the ECB.
Deposit Facility Rate
Rate banks earn for deposits at the ECB.
Quantitative Easing (QE)
ECB buying bonds to boost the economy.
Price Stability
ECB’s primary goal: inflation close to 2%.
Eurozone
EU countries using the euro.
Base Money
Money directly created by central banks.
M3 Money Supply
A measure of total money in the economy.
Green Bonds
Bonds issued to finance environmentally friendly projects.
ESG
Criteria used to evaluate corporate responsibility.
Carbon Offsetting
Actions that compensate for CO₂ emissions.
Ethical Investing
Choosing investments aligned with moral values.
Sustainable Funds
Investment funds focused on sustainability.
Impact Banking
Banking services aiming to create positive social/environmental outcomes.
Debit Card
A card that uses money directly from your bank account.
Metal Card
A premium bank card made of metal, often with perks.
IBAN
International Bank Account Number used in transfers.
BIC / SWIFT Code
Code identifying your bank in international transfers.
Interest Rate
The percentage you earn on your savings.
Joint Account
A savings account shared by two or more people.
Emergency Fund
Savings set aside for unexpected costs.
KYC
Identity verification before using exchanges.
IBAN
International Bank Account Number.
Interest Rate
Cost of borrowing money, set by the ECB.