Opening A Bank Account

OPENING A BANK ACCOUNT
If you spend time working or studying in an English-speaking country, you’ll need to go to

the bank and open an account.
Conversation 1
A: How are you doing today?
B: Great. Thanks.
A: What can I help you with?
B: I would like to open a bank account.
A: What kind would you like to open?
B: I need a checking account.
A: Would you also like to open a savings account?
B: That's fine.
A: In order to open these accounts, you need to deposit a minimum of $50.
B: I want to deposit $300.
A: I'll set up your accounts for you right now.
B: Make sure to put $150 in each account.
Conversation 2
A: How are things with you?
B: I'm fine. Thank you.
A: May I help you with something?
B: I want to open a bank account.
A: Do you know what kind of account you want to open?
B: I want to open a checking account.
A: You should also open a savings account.
B: That would be great.
A: To open these accounts, you will need to make a deposit of at least $50.
B: I would actually like to deposit $300 today.
A: Let me do that for you now.
B: Please put $150 in each account for me.
Conversation 3
A: How are you?
B: I'm well. Thank you for asking.
A: What can I do for you?
B: I need to open a bank account.
A: What kind of account?
B: I just need a checking account.

A: You can open a savings account, too.
B: All right. Open both.
A: You need to deposit at least $50 into both accounts.
B: I will be depositing $300 today.
A: I will set your accounts up right now.
B: Would you please put $150 in both accounts?
Conversation 4
A Bank Clerk and A Bank Customer

Bank Clerk: Good morning, welcome to the Grammar Bank. How can I help you?
Customer: Good morning. I would like to open a bank account.
Bank Clerk: Sure thing. What kind of account would you like to open? A savings account or a
checking account?
Customer: What's the difference?
Bank Clerk: A checking account is designed to use for everyday transactions. Yet; the money in
a savings account is meant to stay in the account and earn interest over time.
Customer: I see, actually I want to apply for a credit card. That's why I need an account.
Bank Clerk: Okay then, you probably want a checking account.
Customer: Well, thank you. I'd like that.
Bank Clerk: Sure, we will have you fill out an application form, please.
Customer: No problem.
Bank Clerk: How much of a credit limit were you looking for?
Customer:I would like a $10,000 spending limit.
Bank Clerk: Alright, we will see what we can do. We might be able to get you one of our gold
cards with a $10,000 spending limit.
Customer: Wonderful. Will I also collect points when I use the card?
Bank Clerk: Sure, with our gold card you will get 10 reward points for every dollar spent.
Customer: Perfect, I have filled out the form. Do you need anything else?
Bank Clerk: You just need to deposit a minimum of $250 into your new checking account.
Customer: Very well, here you are.
Bank Clerk: Thank you, your account is set up now and your credit card will be mailed to your
address within 5 to 10 business days.
Customer: Thank you for your help, have a good day.
Bank Clerk: Thank you, you too.
VOCABULARY
 Account - A record of the money that a customer has at the bank. (noun)
 Account number - An unique number that is used to identify a bank account. (noun)
 Advisor - A staff member who helps customers. (noun)
 ATM - Automated teller machine/Cash machine – A device that gives money and can be
used to do other account transactions. (noun)
 ATM card - A small plastic card that an ATM uses to identify a costumer and their
account. Same as a bank card. (noun)
 Balance - The amount of money in an account: could be positive or negative. (noun)
 Bank card - A small plastic card that an ATM uses to identify a costumer and their
account. Same as an ATM card. (noun)
 Bank charges - Money to be paid to the bank to use certain services or as a fine if a
mistake is made. (noun)
 Bank manager - The person who is in charge of a branch of the bank. (noun)
 Bank services - The products that a bank offers. (noun)
 Bank statement - Either a paper or electronic summary of the money paid into or out of
an account that month. (noun)
 Borrow - To get money from a bank now that a person does not own and so has to pay
back to the bank at a later time. (verb)
 Branch - The bank or the building where customers use the bank services. (noun)
 Cash - Money in the form of notes or coins. (noun)
 Cheque (UK)/Check (US) - A written order telling the bank to pay or transfer money to
someone. (noun)
 Close an account - To empty an account of money and tell the bank it is no longer going
to be used. (verb phrase)
 Counter - The area in a bank where the tellers work. (noun)
 Credit card - A small plastic card that can be used to buy items. The balance has to be
paid once at the end of the month. (noun)
 Credited - To add money to a bank account. (adjective)
 Current account - A bank account that is designed for everyday use. (noun)
 Debit card - A small plastic card that can be used to pay for items without giving the
seller cash directly. The money is taken from the account immediately. (noun)
 Deposit - To give the bank money to be added to the customer’s account. (verb)
 Guard - Someone who works at a bank to prevent thieves from steeling the
money. (noun)
 Head office - The place where the bank is run from and where information is stored
centrally. (noun)
 Identification - An item that proves your identity, such as a passport or driver’s
license. (noun)
 Interest - 1) The money that needs to be paid each month for borrowing money from the
bank, usually a percentage of the total. (noun) 2) The money the bank pays its customers
for depositing money with them, usually a percentage of the total. (noun)
 Loan - Borrowed money that is received now but needs to be paid back, often monthly,
with interest added. (noun)
 Main branch - The biggest branch of a bank in a city that offers the most services. (noun)
 Open an account - To start an account at a bank for the first time. (verb phrase)
 Overdraft - An amount of money that can be used each month that the customer does not
own. (noun)
 Overdrawn - To have used more money than there is in the account so that money is
owed to the bank. (adjective)
 Passbook - A book containing a record of all the account transactions. (noun)
 Payee - Someone who is paid money. (noun)
 Paying-in slip - A piece of paper to fill-in when depositing money into an
account. (noun)
 PIN number - A four digit number used to access ATM machines. (noun)
 Savings account - An account used to save money. It often has a higher rate of interest
and penalties for withdrawing money. (noun)
 Standing order - An instruction to the bank to pay the same person or company the same
amount of money on a regular schedule, often monthly. (noun)
 Teller - A person who works at the bank counter and accepts and gives out money to the
bank’s customers. (noun)
 Transaction - Any situation where money is deposited or withdrawn from an
account. (noun)
 Withdrawal - To take money out of an account. (noun)

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OPENING A BANK ACCOUNT

If you spend time working or studying in an English-speaking country, you’ll need to go to

A: What can I help you with?

B: I would like to open a bank account.

A: What kind would you like to open?

B: I need a checking account.

A: Would you also like to open a savings account?

A: In order to open these accounts, you need to deposit a minimum of $50.

B: I want to deposit $300.

A: I'll set up your accounts for you right now.

B: Make sure to put $150 in each account.

B: I'm fine. Thank you.

A: May I help you with something?

B: I want to open a bank account.

A: Do you know what kind of account you want to open?

B: I want to open a checking account.

A: You should also open a savings account.

B: That would be great.

B: I would actually like to deposit $300 today.

A: Let me do that for you now.

B: Please put $150 in each account for me.

A: How are you?

B: I'm well. Thank you for asking.

A: What can I do for you?

B: I need to open a bank account.

A: What kind of account?

B: I just need a checking account.

B: All right. Open both.

A: You need to deposit at least $50 into both accounts.

B: I will be depositing $300 today.

A: I will set your accounts up right now.

B: Would you please put $150 in both accounts?

A Bank Clerk and A Bank Customer

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