Vocabulary: Banking, Savings & Loans

Welcome to the exhaustive guide on finance and banking! In this interactive vocabulary lesson, we will cover the essential words you need to navigate everyday banking and professional finance. We will explore everyday banking terms, savings and accounts, loans and credit, and how native speakers use money-related idioms in everyday conversation. Read through the vocabulary, test your knowledge in the quizzes, and complete today's missions below. Everyday Banking List: Bank - A financial institution that accepts deposits and channels money into lending activities. Branch - A local office of a bank. Account - A record or statement of financial expenditure or receipts. Balance - The amount of money currently in an account. Deposit - To put money into a bank account. Withdraw - To remove money from a bank account. Transfer - To move money from one account to another. Transaction - An instance of buying or selling something. ATM - Automated Teller Machine. Teller - A person employed to deal with c…

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