Useful Language - Banks and Money 01

Useful Language. Money, Banks
Listen to this text at the TP Podcast

Vocabulary

To earn money, to earn a living. To work to get some money to live.
To save money: piggy banks – money jars -- weekly pocket money – adults save money by keeping it somewhere in case they need it later on, or in order to buy something expensive. Many people say they are 'saving for a rainy day', which means if something happens and they can't earn money they have some saved up to help.
To owe money: If you owe money it means you have borrowed from someone and need to pay it back.
To spend money: When you buy something you spend your money on it.
To waste money: it's like throwing away your money. You use it in things you don't really need or which don't make you happy.

When you are on a payroll in a company you get a paycheck. That is a paper standing for the money you earn. You can cash your paycheck at the bank or set up direct deposit, which means your employer sends the money directly to your bank account.
Wages is the money you get every week for your work.
Salary is the money you earn, too. But salaries tend to get to you by direct deposit and once a month.

A bank teller is a person, someone who works in a bank
An ATM, an Automatic Teller Machine, is what we use when banks are closed, or just to get some cash, to withdraw money.
A bankcard is a credit card or an ATM card
bills (in the USA) or notes (everywhere) are paper money
coins are metal money
receipts are pieces of paper that show you have done some monetary transaction
deposit slips are the papers we fill in to inform about how much money you are going to put or deposit in your account (We also use this word to name the “extra” money you give the owners of the house you are renting.)
You open or close an account in a bank. There are also online accounts, which you can set up to do everything automatically. You can cancel your account any time.

A loan: money you ask for (money you borrow) and pay back later on.
Mortgage: A loan for a house you are buying
The rent: the money you pay to rent a house (before renting it you pay a deposit which is returned to you once you leave the house for good, supposing the house is OK)
VAT means Value added tax.
checks (US) or cheques (UK) are pieces of paper that are signed and that stand for money you cash later on
A check is cashed or returned by the payee.
Traveler's checks: A prepaid check used by tourists issued by a bank that can be cashed in banks or businesses worldwide. You use them when you don't want to carry large sums of money on you.
A certified check is a form of check for which the bank verifies that sufficient funds exist in the account to cover the check. Thus, a certified check cannot "bounce".

Useful sentences

Paying

Can I pay with a credit card?
How will you be paying -- cash, check, or charge?

ATMs

I need to find an ATM
This ATM is not working! I need to look for another!
What's the maximum (amount of money) you can take out of an ATM?

Your ID

I need to see an ID.
Is this card OK?
Sorry I need a picture ID card.
Is my driver's license OK?
That'll be fine. Thanks

Transaction: making a deposit, cashing a check paying bills

I would like to make a deposit (into my checking account) please
I'd like to deposit this money into my account
Can I have your bankcard please?
Sure. Here it is.
Do you have a deposit slip filled out?
Please, complete this deposit slip.
Yes, here it is, with my paycheck.
There you go. Here is your receipt.
I'd like to cash this check
I'd like to pay this bill

Transaction: withdrawing money

I'd like to withdraw some money from my account
Please, complete this withdrawal slip, with your name, account number and amount of withdrawal.
I need to withdraw some money from my savings account
I need you to endorse the back of the check you want to cash

Transaction: changing money

I'd like to change this money into NAME OF CURRENCY
I need change for this 50 euro note (bill, USA), please.
I would like three twenty dollar bills, one ten dollar bill, four fives, and the rest in coins.
Where can I get the best (foreign) exchange rate?
Do you charge any fees?
An exchange rate of 1.20 U.S. dollars to the Euro means that $1.20 in USD is worth 1 Euro

Transaction: transferring money
I need to transfer some money to another account (of mine)

Links

Conversations
For changing money check out this dialogue
For Opening a checking account check out this dialogue
Assorted conversations about money

More…
The British Museum: Money
Money Dictionary for Kids (British)