B1 - Banking

20 words and phrases typically used in banking

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

bank charges n. money paid to a bank for the bank's services etc

branch n. local office or bureau of a bank

checkbook US n. book containing detachable checks; chequebook UK

check US n. written order to a bank to pay the stated sum from one's account;

cheque UK

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

current account n. bank a/c from which money may be drawn at any time; checking

account US

debit n. a sum deducted from a bank account, as for a cheque - also v.

deposit account n. bank a/c on which interest is paid; savings account US

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

fill out US

interest n. money paid for the use of money lent - interest rate n.

loan n. money lent by a bank etc and that must be repaid with interest

also v.

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

is paid in

pay in v. [paid, paid] to deposit or put money in to a bank account

payee n. person to whom money is paid

paying-in slip n. small document recording money that you pay in to a bank

account

standing order n. an instruction to a bank to make regular payments

statement n. a record of transactions in a bank account

withdraw v. [-drew, -drawn] to take money out of a bank account - withdrawal n.