Banking Vocabulary

In this article you will find a list of useful Money and Banking Vocabulary in English. Here a list of the most common Money and Banking words and phrases such as Bank Balance, Bank Accounts, Bank Statement, Cash-back, Cheque, Credit Rating, Current Account, Direct Debit, Interest, Loan, and more.

Money and Banking Vocabulary in English

  • Bank Balance – the amount of money you have in your Bank Account.
  • Bank Account – place in a Bank where you can put your money.
  • Bank Charges – money paid by you for a bank’s services.
  • Bank Draft – to pay someone that is sent from one bank to another bank.
  • Bank Statement – a document that shows the money put into and removed from a bank account.
  • Bank Branch – Bank building where you can go to do your banking.
  • Bounce – check cannot be paid by a bank because of a lack of money.
  • Borrower – someone who borrows money from a bank. One of the most common money and banking vocabulary words.
  • Cardholder – someone who owns a bank card.
  • Cash-back – This is money from your Bank Account that you can take out when you use your Bank Card to pay for things in a shops.
  • Cheque – This is a a printed form that you can fill in to pay money to people.
  • Credit – an amount of money that you add to an bank account.
  • Credit card – a bank card which can be used as a method of payment.
  • Credit Limit – the maximum amount of money that a you can borrow using a credit card account.
  • Credit Rating – financial information about you that a bank uses for deciding whether to give you credit.
  • Current Account – a bank account that you can take money from at any time and which usually earns little or no interest. One of the most used money and banking vocabulary words.
  • Customer Adviser – This is the person at the Bank who can help you.
  • Debit – money taken out of a bank account.
  • Debit Card – a bank card that lets you take out cash, pay in money and pay for things that you buy in a shop.
  • Deposit – put money into a bank account.
  • Direct Debit – an arrangement for making payments in which your bank moves money from your account into the organization’s account at regular times.
  • Fee – A Bank fee – money that the Bank can take from your Bank Account if you ask the Bank to do something special for you.
  • Interest – Money which is charged by a bank for using the banks money or money given to depositors for the use of their money by the bank.
  • Loan – when the Bank lends you some money which you then pay back, plus some interest. One of the most common money and banking vocabulary words.
  • Mortgage – a special type of loan from a Bank in order to buy a house. One of the most common money and banking vocabulary words.
  • Overdraft – When the amount of money withdrawn from a bank account is greater than the amount actually available in the account
  • Overdrawn – you have spent more money than is in your bank Account.
  • Passbook – A book in which are recorded all deposits, withdrawals, and earnings of a customer’s savings account.
  • Paying-in book/Paying-in slip – a piece of paper you can use to pay money into your Bank Account.
  • Safe Deposit Box – secured container for safe-keeping of your valuables under high degree of security and confidentiality.
  • Sort Code – e special number for your Bank.
  • Standing Order – when the Bank takes out particular amount of money from your Bank Account each month to pay someone or organization that you tell it to.
  • Transaction – when you take out or put money into your bank account.
  • Withdrawal – to take money out of a bank account. One of the most common money and banking vocabulary words.

See also Bank Phrases in English.

Marin Valchev
Marin Valchev
Marin Valchev, PMP is an IT Project Manager with more than 10 years of experience. He implements cutting-edge technology in a wide-range of Financial and TELCO companies in Europe, Asia, and Africa. Marin shares his knowledge of software, analysis, project management and other business areas.