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Introduction to Personal Banking

Introduction aux services bancaires personnels

Vocabulaire — 10 termes

Bank Account

An arrangement with a bank to keep your money there.

"I need to open a new bank account for my salary."

Balance

The amount of money you have in your bank account.

"You can check your account balance at the ATM."

Deposit

To put money into a bank account.

"I'd like to deposit this check into my savings account."

Withdrawal

The act of taking money out of a bank account.

"He made a withdrawal of €100 from his account."

Transfer

To move money from one account to another.

"You can transfer money online between your accounts."

Statement

A document showing all the transactions in a bank account for a given period.

"I receive my bank statement by email every month."

Loan

Money that is borrowed and has to be paid back, usually with interest.

"They took out a loan to buy a new car."

Interest

Money paid regularly at a particular rate for the use of money lent.

"The interest on the loan is 5% per year."

Credit Card

A plastic card from a bank that allows you to buy things and pay for them later.

"She paid for the hotel with her credit card."

Debit Card

A plastic card that takes money directly from your bank account when you pay for things.

"I used my debit card to pay for the groceries."

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