2. Banks – the basics CHECK YOUR ENGLISH VOCABULARY FOR BANKING AND FINANCE

CHECK YOUR ENGLISH VOCABULARY FOR BANKING AND FINANCE

2. Banks – the basics

A. Choose the correct words. Grimleys Bank Open an account today! Open an account with Grimleys Bank, and start benefiting from our great 1 rates / levels of interest and 2 small / low charges. With over 3,000 3 branches / outlets, you'll never be far from us, and unlike many other 4 high street / town centre banks, we're open all day on Saturdays. Grimleys customers can 5 take money / make withdrawals from more than a million 6 cash dispensers / money machines worldwide, and of course you'll receive a 7 cheque book / book of cheques and a 8 paying card / debit card within a few days of opening your account. Computer-users may be interested in our e-account - all the benefits of a regular Grimley's 9 current / day-to-day account, with the added convenience of being able to view your 10 lists / statements and 11 make / do payments online. Whether you're opening your first current account, 12 switching / changing from another bank or simply want to take advantage of our 13 range / variety of savings accounts, you'll be glad you chose Grimleys – the bank that always 14 makes / puts the customer first. B. Match the method of payment with the definition. 1 Credit card a A piece of paper which transfers money from your account to somebody else's account. 2 Debit card b Similar to a credit card, but usually operated by a chain of shops or other retailer. 3 Charge card c The money is deducted from your bank account almost immediately. 4 Cheque d These can be exchanged for foreign currency, or in some cases used instead of cash. 5 Traveller’s cheque e You owe the card provider money. You can pay it back in one instalment, or over a longer period if you wish. 6 Charge account f You owe the retailer money. C. Choose the best word. The Grimleys Bank current account TERMS AND CONDITIONS 1 Regular bank statements will be sent to you by post, listing recent __________. A payments B events C transactions 2 New current account customers can borrow up to £200 in the form of a low-interest __________. A overdraft B overtake C overspend 3 The current rate of interest for __________ overdrafts is 6.7% APR. A permitted B allowed C authorised 4 While your account is __________ credit, there are no charges. A under B in C with 5 If your account is overdrawn, charges may __________. A happen B apply C occur 6 When you acknowledge __________ of your new debit card… A receipt B the receiving C reception 7 …you will be sent a PIN (Personal _________ Number) A identifying B identifier C identification 8 You will need to _________ your PIN each time you use the card. A put in B type C enter 9 Two or more customers may apply for a __________. A two-person account B joint account C together account 10 Current account __________ may apply for a Grimleys Credit Card. A holders B owners C users 11 Credit cards will be issued __________. A if you're rich enough B if you have money C subject to status 12 You may __________ your account at any time. A close B finish C end

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