EnglishPod

Daily Life - Opening a Bank Account (C0032)

A: Next, please. May I help you, sir?

B: Hello, yes, I’d like to open a bank account.

A: Certainly, I can can help you with that. What type

of account would you like to open? A chequing or

a savings account?

B: What What features do they offer?

A: Well, if you just take a look here, see, with our

chequing account, you can have unlimited daily

transactions for a small monthly fee, and our savings account has a higher interest rate, but you

must carry a minimum balance of $ 10,000 dollars.

B: I see, well, I think I’m more interested in a

chequing account; I like to have easy access to

my money.

Visit the Online Review and Discussion (text version). 

c 2008 Praxis Language Ltd.A: Alright, then, with this chequing account you’ll be

issued a debit card and a cheque book. Will you

require overdraft protection? There is an extra fee

for that.

B: No, that won’t be necessary.

A: In that case, I’ll get you to fill out this paperwork;

I’ll need your social insurance number, and two

pieces of government ID. If you could just sign

here, and here, and here; we’ll be all set. Would

you like to make a deposit today?

B: Yes, I’d like to deposit one billion dollars.

Key Vocabulary

feature common

noun, plural

interesting or important quality

Visit the Online Review and Discussion (text version). 

c 2008 Praxis Language Ltd.chequing account

common

noun, singular

a regular account for

daily transations

transaction common

noun, plural

an occurrence in which

money is transfered

from one person, or one

account, to another

savings account

common

noun, singular

an account for people to

keep their money, usually offers a higher interest rate

balance common

noun, singular

the amount of money in

a bank account

access common

noun, singular

a way to get to something

debit card common

noun, singular

a card for you to take

money out of your bank

account

overdraft common

noun, singular

taking out more money

than what is available

in the account

Visit the Online Review and Discussion (text version). 

c 2008 Praxis Language Ltd.I’ll get you phrase (a way to ask people to

do things)

I’ll need your phrase (a way to request people to provide something)

If you could

just

phrase (a polite way of asking

people to do things)

deposit common

noun, singular

an amount of money

that is put in a bank account

Supplementary Vocabulary

credit card common

noun, singular

a card to buy things

and pay for them later

online banking

common

noun, nonvariable

a service that allows

people to do transactions online

telephone

banking

common

noun, nonvariable

a service that allows

people to do transactions by phone

Visit the Online Review and Discussion (text version). 

c 2008 Praxis Language Ltd.cheque book common

noun, singular

a book of cheques for

use with a chequing account

terms and

conditions

common

noun, nonvariable

an outline of the rules

and company policies of

a particular product or

service

high interest

account

common

noun, singular

a savings account that

offers higher than usual

interest rate

teller common

noun, singular

a person working in

a bank, who helps

customers with daily

transactions

Visit the Online Review and Discussion (text version). 

c 2008 Praxis Language Ltd.