Banking vocabulary
Account - A record of the money that a customer has at the bank. (noun)
Account number - An unique number that is used to identify a bank
account. (noun)
Advisor - A staff member who helps customers. (noun)
ATM - Automated teller machine/Cash machine – A device that gives money
and can be used to do other account transactions. (noun)
ATM card - A small plastic card that an ATM uses to identify a costumer and
their account. Same as a bank card. (noun)
Balance - The amount of money in an account: could be positive or
negative. (noun)
Bank card - A small plastic card that an ATM uses to identify a costumer and
their account. Same as an ATM card. (noun)
Bank charges - Money to be paid to the bank to use certain services or as a fine
if a mistake is made. (noun)
Bank manager - The person who is in charge of a branch of the bank. (noun)
Bank services - The products that a bank offers. (noun)
Bank statement - Either a paper or electronic summary of the money paid into
or out of an account that month. (noun)
Borrow - To get money from a bank now that a person does not own and so has
to pay back to the bank at a later time. (verb)
Branch - The bank or the building where customers use the bank
services. (noun)
Cash - Money in the form of notes or coins. (noun)
Cheque (UK)/Check (US) - A written order telling the bank to pay or transfer
money to someone. (noun)
Close an account - To empty an account of money and tell the bank it is no
longer going to be used. (verb phrase)
Counter - The area in a bank where the tellers work. (noun)
Credit card - A small plastic card that can be used to buy items. The balance
has to be paid once at the end of the month. (noun)
Credited - To add money to a bank account. (adjective)
Current account - A bank account that is designed for everyday use. (noun)
Debit card - A small plastic card that can be used to pay for items without
giving the seller cash directly. The money is taken from the account
immediately. (noun)
Deposit - To give the bank money to be added to the customer’s
account. (verb)
Guard - Someone who works at a bank to prevent thieves from steeling the
money. (noun)
Head office - The place where the bank is run from and where information is
stored centrally. (noun)
Identification - An item that proves your identity, such as a passport or driver’s
license. (noun)
Interest - 1) The money that needs to be paid each month for borrowing money
from the bank, usually a percentage of the total. (noun) 2) The money the bank
pays its customers for depositing money with them, usually a percentage of the
total. (noun)
Loan - Borrowed money that is received now but needs to be paid back, often
monthly, with interest added. (noun)
Main branch - The biggest branch of a bank in a city that offers the most
services. (noun)
Open an account - To start an account at a bank for the first time. (verb
phrase)
Overdraft - An amount of money that can be used each month that the
customer does not own. (noun)
Overdrawn - To have used more money than there is in the account so that
money is owed to the bank. (adjective)
Passbook - A book containing a record of all the account transactions. (noun)
Payee - Someone who is paid money. (noun)
Paying-in slip - A piece of paper to fill-in when depositing money into an
account. (noun)
PIN number - A four digit number used to access ATM machines. (noun)
Savings account - An account used to save money. It often has a higher rate of
interest and penalties for withdrawing money. (noun)
Standing order - An instruction to the bank to pay the same person or company
the same amount of money on a regular schedule, often monthly. (noun)
Teller - A person who works at the bank counter and accepts and gives out
money to the bank’s customers. (noun)
Transaction - Any situation where money is deposited or withdrawn from an
account. (noun)
Withdrawal - To take money out of an account. (noun)
