English and ICT Skills for Life

Communicating In Social Contexts
Banking | Banking & money vocabulary
ATM
a machine, usually in a wall outside a bank, from which you can take money out of your bank account using a special card

Listen
Bank charges
sums of money paid by a customer for a bank's services

Listen
Banknote
a piece of paper money

Listen
Bank statement
a printed record of the money put into and removed from a bank account

Listen
Bill
a statement of money owed for goods or services supplied

Listen
Borrow
to take money from a bank or other financial organization and pay it back over a period of time

Listen
Cash
money in the form of notes and coins, rather than checks or credit cards

Listen
Cash a check/cheque
(verb) to exchange a check for cash

Listen
Coins
money in the form of metal coins

Listen
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

Listen
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

Listen
Currency
the money that is used in a particular country

Listen
Customer
a person who buys goods or a service

Listen
Debt
money, which is owed to someone else, or the state of owing something

Listen
Expenses
when you spend or use money

Listen
Deposit
an amount of money that you pay as the first part of the total payment for something

Listen
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

Listen
Interest
money which is charged by a bank or other financial organization for borrowing money

Listen
Lend
to give money to someone who agrees that they will pay the money back in the future

Listen
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

Listen
Mortgage
an agreement that allows you to borrow money from a bank in order to buy a house or flat

Listen
To refund
to pay back money received

Listen
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

Listen
Teller
a person employed in a bank to receive and pay out money

Listen
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

Listen
Utility bill
a service that is used by the public, such as an electricity or gas supply or a train service

Listen
Withdraw
to take money out of a bank account

Listen
Receipt
a piece of paper that proves that money,goods, or information have been received

Listen
Do a test #1
Do a test #2