useful vocabulary of banking

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

2- bank charges n. money paid to a bank for the bank’s services etc

3- branch n. local office or bureau of a bank

4 -checkbookUS n. book containing detachable checks; chequebookUK

5 -checkUS n. written order to a bank to pay the stated sum from one’s account; chequeUK

6 -credit n. money in a bank a/c; sum added to a bank a/c; money lent by a bank - also

v.

7 -credit card n. (plastic) card from a bank authorising the purchasing of goods on credit

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

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

10 -deposit account n. bank a/c on which interest is paid; savings accountUS

11 -fill inUK v. to add written information to a document to make it complete; to fill outUS

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

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

14 -overdraft n. deficit in a bank account caused by withdrawing more money than is paid in

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

16 -payee n. person to whom money is paid

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

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

19- statement n. a record of transactions in a bank account

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