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Banking Vocabulary

Here are twenty words and terms often used in 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.