Banking Vocabulary Quiz

You can do this quiz online or print it on paper. It tests some of the material covered on the Banking Vocabulary page in our Business English section.

1. Which word means to take money out of a bank account?

to deposit
to withdraw
to transfer
a) to deposit b) to withdraw c) to transfer

2. Which means to put money into a bank account?

to deposit
to withdraw
to transfer
a) to deposit b) to withdraw c) to transfer

3. Which means to move money from one bank account to another?

to deposit
to withdraw
to transfer
a) to deposit b) to withdraw c) to transfer

4. If you're applying for a bank loan, you want to _______ a bank.

lend money to
invest money in
borrow money from
a) lend money to b) invest money in c) borrow money from

5. If you keep money in a deposit or savings account, you will normally

be paid interest
pay interest
be charged interest
a) be paid interest b) pay interest c) be charged interest

6. After making a withdrawal, your account's balance will be

higher
lower
the same
a) higher b) lower c) the same

7. What do we call a record of all the transactions in a bank account?

a bank statement
a current account
a credit rating
a) a bank statement b) a current account c) a credit rating

8. Before we had online banking, we had to visit one of the bank's local

websites
branches
exchanges
a) websites b) branches c) exchanges

9. An instruction to a bank to make regular payments from an account is called

a regular transfer
a fixed payment
a standing order
a) a regular transfer b) a fixed payment c) a standing order

10. In bank statements, all withdrawals and deductions from an account are listed as

credits
deposits
debits
a) credits b) deposits c) debits

Your score is:

Correct answers:

Contributor: Matt Errey. Matt is the author of several books including 1000 Phrasal Verbs in Context and Common English Idioms for learners, and Matt's ESL Games and Quizzes for teachers.