BANK

A Bank Clerk and A Bank Customer

Bank Clerk: Good morning, welcome to the Grammar Bank. How can I

help you?
Customer: Good morning. I would like to open a bank account.
Bank Clerk: Sure thing. What kind of account would you like to open?
A savings account or a checking account?
Customer: What's the difference?
Bank Clerk: A checking account is designed to use for everyday
transactions. Yet; the money in a savings account is meant to stay in the
account and earn interest over time. gain + increase
Customer: I see, actually I want to apply for a credit card. That's why I
need an account.
Bank Clerk: Okay then, you probably want a checking account.
Customer: Well, thank you. I'd like that.
Bank Clerk: Sure, we will have you fill out an application form, please.
Customer: No problem.
Bank Clerk: How much of a credit limit were you looking for?
Customer:I would like a $10,000 spending limit.
Bank Clerk: Alright, we will see what we can do. We might be able to
get you one of our gold cards with a $10,000 spending limit.
Customer: Wonderful. Will I also collect points when I use the card?
Bank Clerk: Sure, with our gold card you will get 10 reward points for
every dollar spent.
Customer: Perfect, I have filled out the form. Do you need anything
else?
Bank Clerk: You just need to deposit a minimum of $250 into your new
checking account.
Customer: Very well, here you are.
PERKS
Bank Clerk: Thank you, your account is set up now and your credit
card will be mailed to your address within 5 to 10 business days.
Customer: Thank you for your help, have a good day.
Bank Clerk: Thank you, you too.

CONVERSATIONAL LESSON :
https://www.eslfast.com/robot/bank.htm

Useful phrases – using English at the bank

Phrases you may want
to use at the bank
I’d like to open a savings I’d like to open an ISA, please JOINT
account ACCOUNT individual savings account
What is the interest rate on this account?
Percentage of how much your money will
I’d like to pay in a cheque earn. 10%
I’d like to cash this
cheque Could I change this money, please
My credit card has
been stolen Could I change £50 into Euros, please
I’ve lost my credit card What is the exchange rate?
Phrases you may hear at
the bank
Would you like to apply
for a credit card? Could you fill out this form, please?
Would you like to open You will need to speak to the mortgage –
an ISA? legal agreement manager / financial advisor
Would you like your
interest to be
compounded? Do you need insurance?
Do you want to pay your balance off in
We can change that into full?- balance off = representing amounts owed
Euros for you that have still not been settled.

This is a list of vocabulary items related to banking

Banking and money vocabulary

ATM
abbreviation of Automated Teller Machine: a machine, usually in a
wall outside a bank, from which you can take money out of your bank
account using a special card.
handy
bank balance
passbook| mobile banking

withdraw| deposit

the amount of money in a bank account.

Example : I'd like to check my bank balance, please.
bank charges
sums of money paid by a customer for a bank's services.
bank statement= legal documents for transaction = VISA
a printed record of the money put into and removed from a bank account
bounce cheque = crime penalty 30days to 1 year imprisonment 20,000
pesos
sue | bouncing cheque law|jail
when a check cannot be paid or accepted by a bank because of a lack of
money in the account:
I had to pay a penalty fee when my check bounced.
cash
(noun) money in the form of notes and coins, rather than checks or credit
cards:
Do you have any cash on you? .25 cents 50 cents 1peso 5, 10 , 20
cash a check/cheque
(verb) to exchange a check for cash:
Would you cash a check for me?
checkbook (US) / chequebook (UK) spelling | passbook
a book of checks / cheques with your name printed on them which is
given to you by your bank to make payments with.
check (US) / cheque (UK)
a printed form, used instead of money, to make payments from your
bank account:
I wrote him a check for $100.
credit
1. money in your bank account.
I was relieved to see from my statement that my account was in credit
2. a method of paying for goods or services at a later time, usually
paying interest as well as the original money.
They decided to buy the car on credit.
credit card
a small plastic card which can be used as a method of payment, the
money being taken from you at a later time.
checking account (US) / current account (UK)
a bank account that you can take money from at any time and which
usually earns little or no interest.
debit
(a record of) money taken out of a bank account.
The account was in debit at the end of the month (= more money had
been spent than was in the account at that time).
credit limit =amount of how much you can spend
debt | arrears – money you owe | lend you some cash
money, which is owed to someone else, or the state of owing something:
He managed to pay off his debts in two years.
The firm ran up huge debts.
deposit (US) / pay in (UK)
to put money into a bank account.
If you go to the bank, will you deposit these checks for me?
direct debit
an arrangement for making payments, usually to an organization, in
which your bank moves money from your account into the
organization's account at regular times:
I pay my electricity bill by direct debit.
expense
when you spend or use money. I know now why my allergy was
triggered because of rain
Buying a bigger car has proved to be well worth the expense.
We've just had a new garage built at great expense.
insurance
an agreement in which you pay a company money and they pay your
costs if you have an accident, injury, etc:
life/health/car/travel insurance
interest
-1. money which is charged by a bank or other financial organization for
borrowing money.
I got a loan with an interest rate of 10% | they will charge of an interest.
+2. money that you earn from keeping your money in an account in a
bank or other financial organization.
You should put the money in a savings account where it will earn
interest.
loan
a sum of money which is borrowed, often from a bank, and has to be
paid back, usually together with an additional amount of money that
you have to pay as a charge for borrowing. = INTEREST.
different gesture
She's trying to get a $100 000 loan to start her own business.
NSF
Non-Sufficient Fund
overdraft
The act of overdrawing a bank account.
$100,000
104,000 ===== 4, 000 An overdraft occurs when money is withdrawn in excess of what is
on the current account

payee
a person who money is paid to or should be paid to.
savings account (US) / deposit account (UK)
a bank account in which you usually leave money for a long time and
which pays you interest.
standing account (UK) DIRECT DEBIT (US)
an instruction to a bank to pay a particular amount of money at regular
times from a person's bank account to another bank account
(compare direct debit)
tax
(an amount of) money paid to the government, which is based on your
income or of the cost of goods or services you have bought:
They're putting up the tax on cigarettes.
traveler's check
a piece of paper that you buy from a bank or a travel company and that
you can use as money or exchange for the local money of the country
you visit
withdraw
to take money out of a bank account.