Vocabulary Lessons

"Banking Services"

Introduction

No matter where you live, opening a bank account is one essential part of life, but you have to check around to find out what services a bank provides. Listen to the words below and consult a dictionary if you need a definition. Write a sample sentence for each word to learn how it is used in context. You can use the Internet to find similar sentences.

Listening Exercise

A. Listen to the recording and answer the questions.

  1. apply for a credit card
  2. buy traveler's checks
  3. cash a check
  4. check your account balance
  5. deposit money
  6. exchange money
  7. fill out a withdrawal slip
  8. open a checking account
  9. open a savings account
  10. order checks
  11. pay off a loan
  12. pay your bills online
  13. rent a safety deposit box
  14. review your bank statement
  15. take out a loan
  16. talk with a bank teller
  17. talk with the bank manager
  18. transfer money
  19. use a debit card
  20. withdraw money

Practice

I need to ______ at the bank because I'm going overseas on business, and I want to take some of the local currency with me.

You ought to ________ to store your valuables and important documents in a secure location.

My father is trying to ________ to pay for the construction of a new room to our house.

Follow-Up Activity

What particular banking services are most important to you in your current situation? Look around and see if there are banks in your area that might meet your needs, including online banking options. Then, share your ideas with a partner.