Money and Banking: Opening an Account (A2 Vocabulary)
Your money at a bank is in your account. You deposit money when you put it in. You withdraw money when you take it out.
At the bank
Try it: Man: I have $300 here, and I want it in the bank. Clerk: Okay. Do you want to ___ now? Choose what the clerk says. (withdraw / deposit money / pay) Answer: deposit money — He wants his money in the bank, so he will deposit money.
Word
Pronunciation
Example
account
I want to open an account at this bank.
deposit money
I deposit money on Fridays.
withdraw
You can withdraw money here.
Cards and your PIN
A debit card takes the money from your account when you pay. With a credit card, you pay the bank later. Your PIN is the number for your card. Only you know it.
Try it: Woman: This coat is $90, but I only have $20 in my account. Man: Then pay with your ___. Choose what the man says. (debit card / PIN / credit card) Answer: credit card — Her account has only $20, so she pays later with her credit card.
Word
Pronunciation
Example
debit card
I pay with my debit card.
credit card
Can I pay by credit card?
PIN
Don't tell anyone your PIN.
Cash and the ATM
Cash is the money in your hand or your wallet. An ATM gives you cash from your account.
Try it: Man: Here's my card. Woman: Sorry, we only take ___. Choose what the woman says. (PIN / account / cash) Answer: cash — She does not take his card, so he needs cash.