Real English Vocabulary: At the BANK

This is a practical vocabulary lesson about words we use at the bank. Banking has a set of specialized vocabulary, and you may be nervous to go to the bank in an English-speaking country. But knowing some useful words will make it easy and pleasant for you. In this lesson, I will teach you the meaning of "bank teller", "PIN", "investments", "account", "deposit", "withdraw", and many more terms associated with going to the bank. If you want to feel more confident when going to the bank and speaking in English, watch this lesson and complete the quiz. After that, you'll be in business! www.engvid.com/...
TRANSCRIPT
Hi, everyone. I'm Alex. Thanks for clicking, and welcome to this lesson on "Bank Vocabulary". Today, we're going to talk about going to the bank, and the different things you can do, and the different verbs associated and nouns associated with this very common experience.
So, first, when you enter the bank, you have to "get in line" or "get in the queue". Now, specifically, in the United States, even in Canada, we use the word "line" when you're waiting to see someone at the bank. If you are in other parts of the world, specifically England, you can also call a line a "queue", so you get in the queue or get in line.
Next, once it's your turn to, you know, do your business at the bank, you see a "bank teller". So, the name of the person who helps you at the bank is the teller. And after you see the bank teller, if you already have an account with the bank, you have to use your bank card and put in your "PIN". Your "PIN" is your personal identification number, your code, your password. Right?
Now, once this is done, you're ready, the bank teller can see your account. Or maybe it's your first time and you didn't put in a PIN, there are different things you can do and ask for when you're at the bank. Number one, you can say: "Hi. I'd like to open an account", or "close an account". Now, again the two most common types of accounts at a bank are a checking account and a savings account. So your checking is your everyday spending. This is what you use your debit card for. Right? So, I'm just going to put "debit card" here. Your debit card is your bank card, and this is what you use to make payments when you go out to restaurants, movie theaters, etc.
Okay, you can also transfer money when you are at the bank. So if you'd like to move some money from your checking account, for example, to one of your other accounts, such as a savings account or maybe a joint account that you have with your partner, husband, wife, etc., you can ask to do that. You can say: "Hi. I'd like to transfer $200 from my checking account to my savings account." And again, this is if you don't do online banking, which solves a lot of these issues.
Now, instead of transferring money, you can also "deposit" money or "make a deposit". This means you are putting money into your accounts. So if you, you know, receive a check from the government, for example, or maybe your workplace still gives checks (it still happens, it does), you can deposit that check. And "deposit it" means put that money into your account. You can "withdraw". Now, "to withdraw" is to take out money. So, these two are really the most common verbs when you're talking about exchanging money with the bank, whether you're in the bank or at an ATM machine. So you deposit, which means you put money in; withdraw means you take money out. So you can withdraw or take out money. And the term we can also use is you can make a "withdrawal". And you'll see the "al" here, this means that, again, this is a noun in this case. The verb, there's no "al" at the end; it's just "withdraw". Withdraw money.
You can "pay a bill". So, again, bills are our favourite things in the world, like pay for your electricity at your house, or your television, internet, etc. Now, again, this doesn't only have to be for those common things, because most people today, you have an automatic withdraw happens when you pay for a bill. But again, sometimes you get something where you have to go to the bank to pay the bill. If you get something from the Ministry of Transportation or something from the government, and it's unclear what you have to do to pay something online, you can go to the bank and you can pay that bill.
Also, you can "exchange currency". So if you are travelling somewhere and you only have money from your country, you can change that money. And again, the name for "money" in this case is "currency", like the dollar is one type of currency, the yen is another type of currency. And you can ask the bank: "What's your rate?" because different places, exchange offices, banks, will have different rates for your currency. So, for example, the bank might say, if I'm travelling from Canada to the United States, they might say: "95 cents per dollar." Okay? So for every dollar that I have Canadian, I receive 95 cents American.

[@engvidAlex]

As always, thanks to everyone for checking out my videos and for studying with EngVid! I truly appreciate it! If you'd like to help support the site, you can donate here: www.engvid.com/support/

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[@felipesantos8286]

As usual, once again a great lesson...Thank you so much Mr Alex! LET'S PRACTICE

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[@engvidAlex]

Thanks for checking it out, Felipe.

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Thanks!

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[@annalomeyko4827]

You're so clear, Alex! I'm enchanted by your teaching. Best wishes).Anna from Belarus

[@engvidAlex]

That's a new way of describing my teaching! Thanks, Anna. :)

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Hi. Thank you so much for explaining this.

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Thank gracias

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Hello, Alex! Thank you for this helpful video!

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As always, great tips. Thanks for sharing knowledge with us. You have a kindly and easy way to teaching.

[@engvidAlex]

As always, thanks a lot, Julio Cesar! I think the best way to learn is when you're not stressed, so I try not to stress out my students.

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Thanks Alex for the lesson!

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Good lesson❤

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Thank you. It'll help me a lot.

[@helciovilelajardim4493]

Hi, Alex thanks a lot for being this excellent teacher and teach so useful classes. I would like to ask you to teach a class about credit card, where and how to ask for one, how to report to the credit card company the card loss, theft or damage and other situations relating to the matter.

[@chandanafernando534]

Thank you very much 😍❤️

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Thank you so much teacher Alex / really this is so much useful lesson .

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Thank you so much. Every day I learn new thing from your channel. Keep going. And have a nice day.

[@engvidAlex]

That's great! Thanks for checking it out.

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My Brazilian student needs that vocabulary

[@ashugeorgian]

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[@jennguyen678]

thank you for your lesson and your voice clear and not fast easy for me understand.

[@engvidAlex]

That's great, Jen! :) Good luck with all of your studies!

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Thanks a lot for your very, very good lesson!!! Excellent!!!

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You r excellent Mr Alex . Thanks

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Nice video helpful for me

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I like this videos, i think you are de best teacher, thank you very much!!

[@engvidAlex]

You're very welcome. Thanks for watching the video!

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thanks Alex to give important lesson

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Thanks Alex!You are great teacher!

[@engvidAlex]

I appreciate that. Thank you very much.

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i like your Lesson​ very much that thank you .

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you best my dear teacher....👏👏👏👌👌👌👌

[@samirbabayev1758]

Very useful information. Thanks Alex.

[@engvidAlex]

Any time. Thanks for clicking.

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this video is really useful! thank you so much!

[@engvidAlex]

You're very welcome.

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[@engvidAlex]

No problem! I'm glad you liked the video.

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Great lesson!

[@engvidAlex]

Thanks, Minh! I'm glad you liked it.

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Thank you

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Good information

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Alex, I am very like your videos, thank you!!!

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nice...I can able to understand what you're talking very clear..

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Excellent, and it's help me a lot of my english problem

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[@engvidAlex]

Thanks a lot, Mutter! I'm glad you found it useful.

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Alex ...I like your pronouncation so much

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good class thanks

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very helpful and easy to remember

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[@engvidAlex]

That's awesome! Welcome. :)

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Yes I understand it

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Brilliant as always. Thank you for your great job

[@engvidAlex]

My pleasure. Thanks for checking out the lesson!

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Hi Alex, thank you so much. I enjoy your lessons and learn a lot.

[@engvidAlex]

That's great to hear. Thanks a lot for checking out the video!

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Thank you that was very useful lesson

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Excellent video!!!

[@engvidAlex]

Thanks a lot!

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thanks for that. Alex

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Excellent and useful, thanks a million!

[@engvidAlex]

Any time!

[@fsiserir]

This lesson is very interesting and useful in our live , there is a lot of vocabulary to learn very specific(bank) in many circumstances or daily. What does it mean saving bank? Thank you for this lesson.

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Hi Alex, I would like to say thank you a lot for that and another ones awesome videos!

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Nicely explained

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Thank you very much

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thanks teacher !

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Thankew sir all the best training.......

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very very very good, i d like to pronouncuate english like you my Teacher! so cool

[@engvidAlex]

Keep practicing!

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You should teach us or make a video about pronunciation classes 🤜🤛. It would be great for us.

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I'm already subscribed to your channel!

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thanks alex

[@engvidAlex]

You're welcome, Samuel.

[@monicastringaro637]

Hi Alex, -hanks so much for this brilliant lesson about banking. I'm an Italian bank-employee and I often wonder how is called my specific role at the office. As I help customers opening acounts, applying for personal loans and mortgages, also choosing appropriate investments for their savings, should I use the general name "banking advisor"? I'm a basic employee and not a manager so I don't want to brag, just being precise. Thank you for all your valuable lessons. Kind Regards. Monica (Italy)

[@adilnaeem7441]

I as well have same problem to know about the role names in the Uk banks. Really confused as the specific role for an employee in my country and my language is differ from what they call it in Uk. Need help with that

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In Mexico that role or position is named as Account Executive.

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Thank you......that helps a lot.

[@engvidAlex]

My pleasure. I'm glad it was beneficial.

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good class

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Thank you, thank you, thank you, thank you and thank you.

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It looks like you really liked that lesson...

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Rodrigo cabral heheheehheeh

[@engvidAlex]

I paid him to post this.

[@engvidAlex]

Any time, Pedro! I'm glad you liked the lesson. Haha.

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English Lessons with Alex (engVid AlexESLvid) XD

[@helciovilelajardim4493]

Hi Alex, could you please make a video teaching how to request the service, negotiate, complain, etc..., about the internet at home.

[@CommonSenseBeatsIntelligence]

Bank, river bank. River banks control the flow of the "Current/Cy" Frozen, liquid assets. Liquidity = surplus funds. Debt is referred to as "Hot Water". Paying a debt can be referred to as being "Bailed Out" bailing water from a sinking vessel. Blah blah blah, maritime admiralty Law and uniform commercial code. Interesting stuff.

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Fev. 2023 / Brazil 🙂

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lot of thanks :)

[@engvidAlex]

My pleasure! Thanks for checking out my channel.

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[@engvidAlex]

Thanks!

[@rubakhatib4893]

Could you quote specific books that has to do with English conversation for banking purposes please ?

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Hi Alex. Could you please make a video explaining the difference between thinking of and thinking about. I still don't get it. Thanks!!

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very helpful lesson. thx Alex

[@engvidAlex]

You're welcome! Thanks for watching.