ENL Bank Vocabulary

What is the definition of Balance?

• The amount of money in an account: could be positive or negative.

• Money to be paid to the bank to use certain services or as a fine if a mistake is made.

• The area in the bank where the tellers work.

• Borrowed money that is received now but needs to be paid back, often monthly, with interest added.

What is the definition of Borrow?

• Either paper or electronic summary of the money paid into or out of an account that month.

• Empty the account of money and tell the bank it is no longer going to be used.

• To get money from the bank now that the person does not own and so has to be paid back to the bank at a later time.

• Any situation where money was deposited or withdrawn from your account.

What is the definition of Overdrawn?

• The record of the money that a customer has at the bank.

• An amount of money that can be used each month that the customer does not own.

• Four digit number used to access ATM machines.

• To have used more money than there is in the account so that money is owed to the bank.

What is the definition of Bank manager?

• To start an account at a bank for the first time.

• Person who works at the bank counter and accepts and gives out money to the bank’s customers.

• Staff member who helps customers.

• The person who is in charge of that branch of the bank.

What is the definition of Identification?

• Someone who works at a bank to prevent thieves from steeling the money.

• An item that proves your identity, such as a passport or driver’s license.

• A small plastic card that can be used to pay for items without giving the seller cash directly. The money is taken from the account immediately.

• A written order telling the bank to pay or transfer money to someone.

What is the meaning of the following definition: Money to be paid to the bank to use certain services or as a fine if a mistake is made?

• Balance

• Bank charges

• Loan

• Overdraft

What is the meaning of the following definition: The bank or the building where customers use the bank services?

• Branch

• Interest

• Open an account

• Transaction

What is the meaning of the following definition: An instruction to the bank to pay the same person or company the same amount of money on a regular schedule, often monthly?

• Payee

• Debit card

• Close an account

• Standing order

What is the meaning of the following definition: To give the bank money to be added to the customer's account?

• Counter

• Deposit

• Bank card

• Guard

What is the meaning of the following definition: Four digit number used to access ATM machines?

• Balance

• ATM card

• PIN number

• Withdrawal