Banking Terms
Banker is a person employed by a bank, especially as an executive or other official. Bank clerk is a person employed in a bank to deal with customers' transactions and undertake administrative duties.
And here are the TOP 10 essential banking terms you need to know.
1. Business days
Business days are days on which a bank or business is open. Similarly, business hours refers to the hours when a bank or business is open.
Пример: You can only complete transactions in the bank on business days, but you can use Internet banking whenever you want.
Перевод: рабочие дни.
2. Electronic banking
Electronic banking is a system that allows customers to complete banking transactions on the Internet. It’s also called online banking, Internet banking or e-banking.
Пример: Customers find electronic banking very convenient because they no longer need to go to the bank to make transactions.
Пример: электронная банковская система.
3. Account
You can have a checking account and a savings account. The checking account (also called current account in British English) allows you to take out money anytime you want. The savings account allows you to save money and also earn interest.
Пример: He needed to transfer some money from his savings account to his checking account so that he could pay for the new car he wanted to buy.
Перевод: счет.
4. Interest rate
If you borrow money from a bank, you’ll need to pay it back. In addition to this, you’ll need to pay interest. The amount of interest is decided by an interest rate, which is calculated for a given period of time. If you have a savings account, the bank will pay you interest for being able to use your money over a certain period of time.
Пример: He was researching the banks that offered the lowest interest rate for loans.
Перевод: процентная ставка.
5. Loan
A loan is money you borrow from a bank or another institution or person. The bank lends (gives) you the money, and you borrow (receive) it. The bank is the lender, and you are the borrower.
Пример: They needed a loan to buy the car of their dreams, but they couldn’t find a lender.
Перевод: кредит.
6. Mortgage
A mortgage is an agreement by which someone can borrow money from a bank to buy a house. The bank becomes the owner of the house until the debt is paid up.
Пример: They need to take out a mortgage to buy a house.
Перевод: ипотека.
7. To withdraw
To withdraw money is to remove money from an account.
Пример: He wanted to withdraw some money from his checking account, but he forgot his card at home.
Перевод: снять деньги.
8. Overdraft
This is money that you withdraw from your account when you no longer have available funds. This is like a loan the bank gives you.
Пример: She received an overdraft notice when she spent more than she had in her checking account.
Перевод: перерасход.
9. Credit
Credit is the money you receive in your bank account or the money a bank lends you. Credit can also refer to the financial reputation (background or record) you have when you’re considering borrowing money from a bank. A credit card is a card that allows you to spend more money than you have, but then you have to pay interest.
The word credit can also be used in a general sense: when you give someone credit, you acknowledge their efforts or worth.
Пример: His credit was good, so he didn’t expect the bank to reject his loan application.
Перевод: кредит.
10. Debit
This is money taken out of your bank account or money you owe. A debit card allows you to use the money in your account by paying in stores or online. You can also use this card by getting money from a cash machine or ATM (Automated Teller Machine).
In addition, you can use this word as a verb. To debit money means to take out money from an account.
Пример: I prefer using a debit card, because I’m not tempted to spend more money than I have in my account.
Перевод: дебет.
