Words to Know: Opening a Bank Account (Basic / Beginning) Teacher: Edit this handout to include only the 6-8 words you need or want to emphasize with your learners. Word Example Sentence account Keep your money safe in a bank account. ATM You can use your debit card to get money at the ATM. (automated teller machine) avoid Try to avoid paying fees. balance The balance is the amount of money in your account. bank A bank is a place to keep your money. cash (a check) If you need money, you can cash a check at your bank. charge Some banks charge for their services. check You can write a check to pay your bill. checking account Use your checking account to pay your bills. credit card Some banks offer credit card services. credit union A credit union is a place to keep your money. debit card You get a debit card with your checking account. deposit Putting money into your account is called a deposit. direct deposit Direct deposit puts your paycheck directly into your bank account. emergency You need to save money for emergencies. fee Ask what fees you will have to pay. goal My goal is to save more money. interest This bank pays interest on savings accounts. loan This bank offers loan services. minimum balance The minimum balance for this account is $500. money transfer This bank offers money transfer services. overdraw When you spend more money than you have, you overdraw your account. paycheck I put my paycheck in the bank. requires This bank requires a minimum balance of $100. savings account Use a savings account to keep your money safe. service This bank offers loan services. transfer You can transfer money from your savings account to your checking account. withdrawal Taking money out of your account is called a withdrawal. wire (money) You can wire money at the credit union.
Words to Know: Opening a Bank Account (Basic / Beginning) Teacher: Edit this handout to include only the 6-8 words you need or want to emphasize with your learners. Word Example Sentence account Keep your money safe in a bank account. ATM (automated teller machine) You can use your debit card to get money at the ATM. avoid Try to avoid paying fees. balance The balance is the amount of money in your account. bank A bank is a place to keep your money. cash (a check) If you need money, you can cash a check at your bank. charge Some banks charge for their services. check You can write a check to pay your bill. checking account Use your checking account to pay your bills. credit card Some banks offer credit card services. credit union A credit union is a place to keep your money. debit card You get a debit card with your checking account. deposit Putting money into your account is called a deposit. direct deposit Direct deposit puts your paycheck directly into your bank account. emergency You need to save money for emergencies. fee Ask what fees you will have to pay. goal My goal is to save more money. interest This bank pays interest on savings accounts. loan This bank offers loan services. minimum balance The minimum balance for this account is $500. money transfer This bank offers money transfer services. overdraw When you spend more money than you have, you overdraw your account. paycheck I put my paycheck in the bank. requires This bank requires a minimum balance of $100. savings account Use a savings account to keep your money safe. service This bank offers loan services. transfer You can transfer money from your savings account to your checking account. withdrawal Taking money out of your account is called a withdrawal. wire (money) You can wire money at the credit union.