Dr. S.

BOUTOUIL ENGLISH ENGINEERING S2 USTO MB

Esp: At the bank vocabulary, role play and conversations

Banking Vocabulary

checkUS n. written order to a bank to pay the stated sum from one's account;
chequeUK
They promised to send me a check, but I didn't get it.
credit n. money in a bank a/c; sum added to a bank a/c; money lent by a bank -
also v.
credit card n. (plastic) card from a bank authorising the purchasing of goods on
credit
When Kim realized she'd left her credit card in the ATM machine, she ran back
to get it.
current account n. bank a/c from which money may be drawn at any time;
checking accountUS

Current accounts are good for day-to-day purchases, but you don't get much
interest.
debit n. a sum deducted from a bank account, as for a cheque - also v.
What was this debit in last month's expense account for?
deposit account n. bank a/c on which interest is paid; savings accountUS
What interest rate are you getting for your deposit account?

balance n. the difference between credits and debits in an account

If you put money in your bank account, does the balance go up or down?
bank charges n. money paid to a bank for the bank's services etc
If I withdraw money from an ATM machine, I have to pay $2.50 in bank
charges.
branch n. local office or bureau of a bank that customers can visit
Is there a branch of the National Bank near here?

fill inUK v. to add written information to a document to make it complete; to fill

outUS
Please fill in this application form before seeing the loans officer.
interest n. money paid for the use of money lent - interest rate n.
Why aren't banks paying as much interest as they used to?
loan n. money lent by a bank etc

overdraft n. deficit in a bank account caused by withdrawing more money than

 Dr. S.BOUTOUIL ENGLISH ENGINEERING S2 USTO MB

is paid in
If there isn't enough in my account for a purchase, I get an automatic overdraft.
pay in v. [paid, paid] to deposit or put money in to a bank account
My salary gets paid in every month, and then I withdraw it as needed.
payee n. person to whom money is paid
When writing a check, make sure you spell the name of the payee correctly.
paying-in slip n. small document recording money that you pay in to a bank
account
Do you keep all your paying-in slips?
standing order n. an instruction to a bank to make regular payments
Ask your bank if they'll pay the rent by standing order for you.
statement n. a record of transactions in a bank account
I do all my banking online now, so I don't get statements in the mail.
withdraw v. [-drew, -drawn] to take money out of a bank account - withdrawal
n.
Before ATM machines, we took our passbooks to a bank to withdraw money.

The bankers will be divided into for groups: new accounts, credit cards,
mortgages, and loans.

Banker client dialogue

Customer: Hi, I need to open an account in your bank so could you please
guide me for that?

Bank Manager: Sure Sir, I will be guiding you regarding the formalities to be
completed for opening an account.

Customer: Let me know what all details are required for that.

Bank manager: You need to fill the form and submit the same at counter 5.

Customer: What all ID proofs do I need to submit?

Bank manager: You need to submit one hard copy each of your address proof,
your electricity bill,

Customer: And where I need to submit all my details?

Bank manager: At the same counter. You need to attach all these documents
with the form.
 Dr. S.BOUTOUIL ENGLISH ENGINEERING S2 USTO MB

Customer: How much cash I need to deposit at the time of opening an account

Bank Manager: You will have to deposit at least 500 INR at the time of
account opening.

Customer: Will I get the debit card and the checkbook on the same date?

Bank manager: No It will take a week and it will be sent to the address
mentioned in the form.

Customer: Okay Sir, thank you so much.

Bank manager: You’re welcome.

Exercise

Match the words with their definitions:

a - statement, b - overdraft, c - variable (adj.), d - credit rating, e - funds, f - debit

card, g - authorize (v.), h - fees i - PIN number, j - direct deposit

1. an estimate of how trustworthy a person is in fulfilling his/her financial

commitments, often based on his/her financial history

2. a secret code

3. when you take out more money than is available in your account, sending the
account into a "negative balance"

4. a card which allows someone to access the money in his/her account

immediately (electronically)

5. money

6. a method of payment which electronically deposits money into your checking

or savings account

7. to approve

8. a list of all the activity (transactions) in a bank account, usually sent out per
month
 Dr. S.BOUTOUIL ENGLISH ENGINEERING S2 USTO MB

9. charges

10. something that changes over time