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.

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