Real English Vocabulary: At the BANK

This is a practical vocabulary lesson about words we use at the bank. Banking has a set of specialized vocabulary, and you may be nervous to go to the bank in an English-speaking country. But knowing some useful words will make it easy and pleasant for you. In this lesson, I will teach you the meaning of "bank teller", "PIN", "investments", "account", "deposit", "withdraw", and many more terms associated with going to the bank. If you want to feel more confident when going to the bank and speaking in English, watch this lesson and complete the quiz. After that, you'll be in business! www.engvid.com/real-english-vo...
TRANSCRIPT
Hi, everyone. I'm Alex. Thanks for clicking, and welcome to this lesson on "Bank Vocabulary". Today, we're going to talk about going to the bank, and the different things you can do, and the different verbs associated and nouns associated with this very common experience.
So, first, when you enter the bank, you have to "get in line" or "get in the queue". Now, specifically, in the United States, even in Canada, we use the word "line" when you're waiting to see someone at the bank. If you are in other parts of the world, specifically England, you can also call a line a "queue", so you get in the queue or get in line.
Next, once it's your turn to, you know, do your business at the bank, you see a "bank teller". So, the name of the person who helps you at the bank is the teller. And after you see the bank teller, if you already have an account with the bank, you have to use your bank card and put in your "PIN". Your "PIN" is your personal identification number, your code, your password. Right?
Now, once this is done, you're ready, the bank teller can see your account. Or maybe it's your first time and you didn't put in a PIN, there are different things you can do and ask for when you're at the bank. Number one, you can say: "Hi. I'd like to open an account", or "close an account". Now, again the two most common types of accounts at a bank are a checking account and a savings account. So your checking is your everyday spending. This is what you use your debit card for. Right? So, I'm just going to put "debit card" here. Your debit card is your bank card, and this is what you use to make payments when you go out to restaurants, movie theaters, etc.
Okay, you can also transfer money when you are at the bank. So if you'd like to move some money from your checking account, for example, to one of your other accounts, such as a savings account or maybe a joint account that you have with your partner, husband, wife, etc., you can ask to do that. You can say: "Hi. I'd like to transfer $200 from my checking account to my savings account." And again, this is if you don't do online banking, which solves a lot of these issues.
Now, instead of transferring money, you can also "deposit" money or "make a deposit". This means you are putting money into your accounts. So if you, you know, receive a check from the government, for example, or maybe your workplace still gives checks (it still happens, it does), you can deposit that check. And "deposit it" means put that money into your account. You can "withdraw". Now, "to withdraw" is to take out money. So, these two are really the most common verbs when you're talking about exchanging money with the bank, whether you're in the bank or at an ATM machine. So you deposit, which means you put money in; withdraw means you take money out. So you can withdraw or take out money. And the term we can also use is you can make a "withdrawal". And you'll see the "al" here, this means that, again, this is a noun in this case. The verb, there's no "al" at the end; it's just "withdraw". Withdraw money.
You can "pay a bill". So, again, bills are our favourite things in the world, like pay for your electricity at your house, or your television, internet, etc. Now, again, this doesn't only have to be for those common things, because most people today, you have an automatic withdraw happens when you pay for a bill. But again, sometimes you get something where you have to go to the bank to pay the bill. If you get something from the Ministry of Transportation or something from the government, and it's unclear what you have to do to pay something online, you can go to the bank and you can pay that bill.
Also, you can "exchange currency". So if you are travelling somewhere and you only have money from your country, you can change that money. And again, the name for "money" in this case is "currency", like the dollar is one type of currency, the yen is another type of currency. And you can ask the bank: "What's your rate?" because different places, exchange offices, banks, will have different rates for your currency. So, for example, the bank might say, if I'm travelling from Canada to the United States, they might say: "95 cents per dollar." Okay? So for every dollar that I have Canadian, I receive 95 cents American.

[@engvidAlex]

As always, thanks to everyone for checking out my videos and for studying with EngVid! I truly appreciate it! If you'd like to help support the site, you can donate here: www.engvid.com/support/

[@johnnyzyaire602]

i dont mean to be off topic but does any of you know of a tool to log back into an Instagram account??
I somehow lost the account password. I appreciate any assistance you can give me!

[@johnnyzyaire602]

@Onyx Felix Thanks so much for your reply. I got to the site thru google and Im waiting for the hacking stuff now.
Takes quite some time so I will get back to you later when my account password hopefully is recovered.

[@johnnyzyaire602]

@Onyx Felix it worked and I now got access to my account again. Im so happy:D
Thanks so much you saved my account!

[@onyxfelix303]

@Johnny Zyaire Happy to help :)

[@Pololaguanabana]

Your pronunciation and the clarity to explain the topics is higher than the average. 🤗🤗📚

[@lucianaryndycz4057]

Hi! I love how clear your pronunciation is, your classes are super useful! thank you so much

[@leonhard2991]

More people need to be informed about this lesson, thank you Alex

[@yamistanley6882]

Thank You so much For Your efforts Sir
A Follower From Morocco 🇲🇦

[@ricardonunes5250]

Guy, you're really awesome. thanks a lot Alex. keep teaching. I'll see you soon.

[@weihan647]

Your lessons are very useful. Thank you!!!

[@azadari9169]

As far as i am concerned you are the best i have ever seen because your not talking so quickly and your pronunciation is so clear as well.

[@aries4132]

Very clear to understand. He is really a good teacher!

[@snjezanabarbir6439]

Thanks a lot for your very, very good lesson!!! Excellent!!!

[@Sigolf]

As always, great tips. Thanks for sharing knowledge with us. You have a kindly and easy way to teaching.

[@engvidAlex]

As always, thanks a lot, Julio Cesar! I think the best way to learn is when you're not stressed, so I try not to stress out my students.

[@krasota2010]

Very easy to understand you! Thanks!

[@kpopsnatchedmywigoutofspac1811]

THANK YOU!!!!!!😄😄 YOU saved my life!!

[@juandavidguejiaocampo1972]

One thousand thanks Alex for this marvelous class, I will follow your example for one of my personalized classes :3 I'm learning a lot from you, God bless you so much.

[@Anyka337]

OMG you're voice is so nice , and you speak so clearly 😍 love it , thank you very much , my English is not that bad , but it still useful for me !!!

[@annalomeyko4827]

You're so clear, Alex! I'm enchanted by your teaching. Best wishes).Anna from Belarus

[@engvidAlex]

That's a new way of describing my teaching! Thanks, Anna. :)

[@pameoliva8393]

Thanks Alex for the lesson!

[@julialyutenko3480]

Hello, Alex! Thank you for this helpful video!

[@felipesantos8286]

As usual, once again a great lesson...Thank you so much Mr Alex! LET'S PRACTICE

[@pedromartins2998]

Um cara excepcional, né?

[@engvidAlex]

Thanks for checking it out, Felipe.

[@joelmasamba6762]

I'm happy about having understood a lot about this lesson

[@mohammadsiddiqi2100]

You r excellent Mr Alex . Thanks

[@italomaro8817]

Very easy and smooth way you give us these wonderful lessons ❤

[@samirbabayev1758]

Very useful information. Thanks Alex.

[@engvidAlex]

Any time. Thanks for clicking.

[@escuelademusicarodrigoleal6469]

Hi Alex, thank you so much. I enjoy your lessons and learn a lot.

[@engvidAlex]

That's great to hear. Thanks a lot for checking out the video!

[@hellalabdelaziz3503]

Hi. Thank you so much for explaining this.

[@elenacarra5863]

These lessons don't age at all 👍👍👍🥰🥰

[@llll1826]

Hi Alex, I would like to say thank you a lot for that and another ones awesome videos!

[@user-mh9do1ec6h]

Brilliant as always. Thank you for your great job

[@engvidAlex]

My pleasure. Thanks for checking out the lesson!

[@italomaro8817]

Thank you for this, find it useful

[@josuekabue4828]

Thanks!

[@askhatkenesbayev9697]

Thanks Alex!You are great teacher!

[@engvidAlex]

I appreciate that. Thank you very much.

[@Bamboo1008]

Thanks for making this video, Alex

[@yassminessagar1983]

Oh thank you that May help us a lot.

[@hamidkhalilzadeh4223]

Hi teacher
Your training was wonderful
I'm Hamid follow your channel from iran 🇮🇷country
Thanks million
Keep going with new information please

[@natalyakh7698]

Alex, I am very like your videos, thank you!!!

[@amaurifriasvargas600]

Thank you. It'll help me a lot.

[@dkthakur7176]

thanks Alex to give important lesson

[@Mdnoman-gg1cd]

you best my dear teacher....👏👏👏👌👌👌👌

[@sidmmmdli3584]

Thank you so much. Every day I learn new thing from your channel. Keep going. And have a nice day.

[@engvidAlex]

That's great! Thanks for checking it out.

[@quyennguyen2859]

thanks for that. Alex

[@Ateez_StrayKids]

Thank gracias

[@jhonycasares]

Excellent video.

[@winwei8416]

very useful, we can integrate all of what you've taught to a daily life

[@abohamad12]

Thank you so much teacher Alex / really this is so much useful lesson .

[@helciovilelajardim4493]

Hi, Alex thanks a lot for being this excellent teacher and teach so useful classes.
I would like to ask you to teach a class about credit card, where and how to ask for one, how to report to the credit card company the card loss, theft or damage and other situations relating to the matter.

[@AndreLima-sk2dz]

Excellent and useful, thanks a million!

[@engvidAlex]

Any time!

[@shazhadakarem458]

Thank you for your amazing video

[@Immigration-Canada-]

Thank you for the video

[@andreaantonelli1904]

Alex ...I like your pronouncation so much

[@sothypromrath1293]

Thanks it is useful!

[@mdakhtar253]

Thankew sir all the best training.......

[@ashugeorgian]

@Alex you are really nice and awesome person and highly optimistic. I am coming to Canada as an immigrant and i wish i could meet you some day.

[@dashakrachko]

this video is really useful! thank you so much!

[@engvidAlex]

You're very welcome.

[@chandanafernando534]

Thank you very much 😍❤️

[@elsayedeldedamony6251]

Thank you, thank you

[@luoyong498]

thanks teacher !

[@elmeganamousaa8999]

Thank you that was very useful lesson

[@PhuongHa-pu7xv]

very helpful and easy to remember

[@Rith1294]

i like your Lesson​ very much that thank you .

[@rubensneto1597]

nice...I can able to understand what you're talking very clear..

[@sagandamsagandam5825]

Excellent, and it's help me a lot of my english problem

[@GurveerSingh-jn3hh]

Thank you very much

[@nutrisum6580]

Very usefull!!! regards fron buenos aires, argentina

[@nabillaramirez7231]

thumbs-up Alex you are the best I love you so much 😘😘😘😘😘😘😘😘😘😘😘 keep it up

[@punam1500]

You are great teacher sir thanks

[@engvidAlex]

No problem! I'm glad you liked the video.

[@jennguyen133]

thank you for your lesson and your voice clear and not fast easy for me understand.

[@engvidAlex]

That's great, Jen! :) Good luck with all of your studies!

[@AnaRodrigues-gh6tj]

Excellent video!!!

[@engvidAlex]

Thanks a lot!

[@alializada-xd4mb]

Thanks
Its very useful for me

[@fathimathsaeeda4800]

Thank you

[@luztorres7820]

I like this videos, i think you are de best teacher, thank you very much!!

[@engvidAlex]

You're very welcome. Thanks for watching the video!

[@gosch18]

yaayyyy I'm glad to have found your channel. This lesson is VERY useful. Five thumbs up 👍

[@engvidAlex]

Thanks a lot, Mutter! I'm glad you found it useful.

[@safrazahmedfraz1621]

From India could you upload some videos related to cricket commentary

[@omerbagi4200]

Mutter Natur ذد

[@omerbagi4200]

ككدكددچججذجككذكدجدذدذدجذ

[@omerbagi4200]

Mutter Natur جججججج

[@hellalabdelaziz3503]

Yes I understand it

[@user-uo2bz2hg6y]

Good lesson❤

[@soncanh1]

Great lesson!

[@engvidAlex]

Thanks, Minh! I'm glad you liked it.

[@Batistareparosautomotivos]

Very good! I live in Brazil

[@aamarozo3159]

very helpful lesson. thx Alex

[@engvidAlex]

You're welcome! Thanks for watching.

[@ravibankingbriefs604]

Nicely explained

[@za7607]

Thanks alex, It was really useful😍

[@whynot6108]

Thanks a lot! I appreciate
it! Already subscribed and liked your channel!

[@engvidAlex]

That's awesome! Welcome. :)

[@stezystella9525]

It is very good 🥰🥰 congratulation

[@ramilaraghwani992]

Very useful ❤️

[@basiCKschool]

My Brazilian student needs that vocabulary

[@MrMehdititof]

thanks for this nice video was useful

[@abelrios3927]

I'm already subscribed to your channel!

[@tewodroswolderufael7198]

thank you.

[@Batistareparosautomotivos]

During your classes I can understand more or less 60% of the speech without needing translation in English and Portuguese.

[@user-ss8if1dm2s]

Thank you......that helps a lot.

[@engvidAlex]

My pleasure. I'm glad it was beneficial.

[@josefinarosariocruz677]

good class thanks

[@fsiserir]

This lesson is very interesting and useful in our live , there is a lot of vocabulary to learn very specific(bank) in many circumstances or daily. What does it mean saving bank? Thank you for this lesson.

[@felipemendez9526]

Good information

[@joelj7812]

Ur voice is really really American!!!!!!

[@girishbhaimistry6165]

Thanks

[@Lily-uy6dc]

hallo Alex, very helpful. thank you a lot!!

[@engvidAlex]

My pleasure! Thanks for studying with us.

[@salmankhan-zd3kq]

Nice video helpful for me

[@hrandmahmoudi147]

Thank you so much it’s very good thanks 🌹🌹🙏🙏💐💐

[@engvidAlex]

You're very welcome. Thanks for studying with me!

[@hashinimadushani8585]

Thank you sir for explaning this.
It was very clear.
Could you do a conversation between vehicle salesman and buyer.? ?.

[@raudigomez9453]

Hi Alex. Could you please make a video explaining the difference between thinking of and thinking about. I still don't get it. Thanks!!

[@learnenglish3310]

Awesome lesson! Wonderful, high-quality production.

[@haven_hell97l95]

I love your t-shirt
viva final fantasy!!!

[@engvidAlex]

Haha. Thanks. I have more similar t-shirts that you'll see in future videos.

[@ExtinguirLaLlama]

Excelente!

[@engvidAlex]

Thanks! I'm glad you liked it.