Banking products and operations. withdrawal A withdrawal in a bank / withdraw money = to take money out of a bank account.

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Presentation transcript:

Banking products and operations

withdrawal A withdrawal in a bank / withdraw money = to take money out of a bank account

deposit = To put money on a bank account

Current account = Bank account from which money may be drawn at any time

savings account/ deposit account = Bank account on which interest is paid

Fixed term deposit = Deposit of which the interest rate is fixed for a certain period of time

Standing order To pay bills by standing order = An instruction to a bank to make regular payments

To check the balance = To check the difference between credits and debits in an account

To check transactions

Balance enquiry = To check/to consult a balance

Bank loan = Money lent by a bank, that must be repaid with interest

Revolving credit account

mortgage = Secured loan where property is used as security for the payment of the debt

discount

Credit card = Bank card authorising the purchasing of goods on credit

Debit card = Bank card with direct access to a card holder’s account, used to withdraw cash from an ATM or to make purchases at merchant locations

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