Banks in the Community Brought to you by Metro Bank

Table of Contents Who Uses Banks?2 Depositing Money4 Withdrawing Money5 Keeping Money Safe6 Counting Coins9 Borrowing Money10

1 Many communities have banks. Drive-Thru People can go inside the bank or stay in their car and use the drive through.

2 When people earn money for the work they do, they deposit, or place, it in the bank. Who Uses Banks?

3 Children can keep their money safe in the bank, too.

4 When people put their money in a bank, it is called a deposit. Depositing Money

5 When people take their money out of a bank, it is called a withdrawal. Withdrawling Money

6 The bank keeps the money safe in a vault. Door to the vault Keeping Money Safe

7 Some people take important papers or items to the bank and put them in a safe deposit box. The boxes come out so people can put things in them. Lock The safe deposit boxes can be different sizes.

8 A coin collector might keep his collection in a safe deposit box.

9 Some banks help people count their coins with a machine. Counting Coins

People sometimes borrow money from the bank. A loan is money borrowed from a bank. 10 Borrowing Money

They use this money, or loan, to buy a car or a house. 11

Businesses borrow money from the bank, too. 12

They can use this money to open new stores. 13

Banks are important places in our community. 14

15 Glossary Bank – a place of business that lends, exchanges, takes care of, or issues money Borrow – to use money from someone else with a promise to pay it back Community – an area in which people live Deposit – money put into the bank Earn – get money for doing work Loan – money people borrow from the bank

16 Money – something used to pay for goods or services Safe Deposit Box – a box kept in a vault and used by just one person Vault – an area of a bank that keeps money safe Withdrawal – money taken out of the bank