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Banking products and operations

Banking products and operations. withdrawal. A withdrawal in a bank / withdraw money = to take money out of a bank account. deposit. = To put money on a bank account . Current account. = Bank account from which money may be drawn at any time . savings account/ deposit account.

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Banking products and operations

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  1. Banking products and operations

  2. withdrawal • A withdrawal in a bank / withdraw money • = to take money out of a bank account

  3. deposit • = To put money on a bank account

  4. Current account • = Bank account from which money may be drawn at any time

  5. savings account/ deposit account • = Bank account on which interest is paid

  6. Fixed term deposit • = Deposit of which the interest rate is fixed for a certain period of time

  7. Standing order • To pay bills by standing order • = An instruction to a bank to make regular payments

  8. To check the balance • = To check the difference between credits and debits in an account

  9. To check transactions

  10. Balance enquiry • = To check/to consult a balance

  11. Bank loan • = Money lent by a bank, that must be repaid with interest

  12. Revolving credit account

  13. mortgage • = Secured loan where property is used as security for the payment of the debt

  14. discount

  15. Credit card • = Bank card authorising the purchasing of goods on credit

  16. Debit card • = Bank card with direct access to a card holder’s account, used to withdraw cash from an ATM or to make purchases at merchant locations

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