A little while ago one of my viewers Nacera asked if I could make a video about using

English or speaking English when you go to the bank.

So in this video I'll help you learn some common English words and phrases that you

would use when you go to the bank.

Hi, Bob the Canadian here, if this is your first time watching one of my videos don't

forget to click the subscribe button, and the bell icon below, and for sure if this

video helps you give me a thumbs up somewhere along the way.

So we're going to talk about banks today.

We're going to talk about English words and phrases that you can use when you go to

the bank.

So let's take a virtual walk through of the bank.

I'll try to put pictures up here as I talk, but I'm going to go through a lot of the

common things that you would see and the common words you would use if you went to the bank.

The very first thing that you will see when you go to a bank nowadays is a bank machine.

And a bank machine is slowly replacing the people that work at banks who are called bank

tellers.

A bank machine is a simple device usually located at the entrance of the bank where

you can deposit money into a bank account, you can put money into a bank account.

And where you can withdraw money from your bank account.

Where you can withdraw cash from your bank account.

A long time ago, when I was just starting to work, I deposited my very first paycheque

using a bank machine.

That was a long time ago.

Since then bank machines have become a lot more popular and it's kind of the main way

that people do their banking now.

The second way that people do their banking a lot nowadays is online.

They do online banking using a computer.

Or they do mobile banking or mobile banking using their smartphone.

But those are the machines and machines just aren't that interesting so let's talk

about more of the things that you would see in a bank, and more of the people that you

would see inside of a bank.

Once you walk past the bank machines, the people that you see working behind the counter,

the people who you see first at a bank are called bank tellers.

And bank tellers, their basic job is to help you deposit money into the bank, or withdraw

money from the bank, and do some of the more advanced financial transactions that you could

do at a bank.

Perhaps you want to send money to someone overseas and a bank teller would help you

do that.

When you deposit money in a bank a lot of times you are depositing a cheque, or a paycheque.

Now just pay attention the spelling is a little different.

In U.S. English a check is spelled this way, but in Canadian English a cheque is spelled

this way.

And a cheque is an official small piece of paper that your place or work or your boss

would give you that says that they are paying a certain amount of money to you.

And you would go to a bank and you would deposit the cheque and then that amount of money would

show up in your bank account.

So again, cheque, paycheque.

A check is something that you get from almost anyone.

A paycheque is a specific kind of cheque that you would get from your boss or from your

place of employment.

So the teller will help you with that as I mentioned before you can also put your cheque

or paycheque into the bank machine.

You can deposit it into the bank machine.

The other person you might see at a bank is the bank manager.

This is the person who is in charge of the bank.

So let's say you needed a loan.

You needed to borrow money from the bank.

You don't have enough money in your bank account but you would like to buy a car or

you would like to buy a home or a house.

You would then talk to the bank manager.

The bank manager is kind of the head person at the bank.

They are in charge of approving and disapproving loans.

If you do need to meet with the bank manager though you usually need to make an appointment.

If you need to speak with a teller you can usually just walk into a bank and walk up

to the counter and talk to a teller, but if you need to talk to the bank manager it's

always a good idea to book an appointment.

'Cause bank managers for some reason are really really busy.

If you get a loan to buy a car, we call it a car loan.

If you get a loan to buy a house, we call it a mortgage.

Car loans generally you pay back over three to five years.

And the bank will charge you interest, so they will charge you a certain amount of money

to be able to borrow the money.

A mortgage which is a loan that you take out to buy a house is usually twenty, or twenty-five,

or thirty years in length because a house is a lot more expensive than a car and takes

a lot longer to pay back.

Couple of other things that you would need to know in order to do banking in English.

The card that you use in the bank machine is called a bank card.

So when you open an account at a bank they will give you a bank card, and you can use

that bank card in the bank machine.

The other kind of card you might get from the bank is called a credit card.

Now I need to warn you, credit cards although they're really really handy, have an extremely

high interest rate so I always caution people about whether they should be using a credit

card to make purchases because basically if you use a credit card to buy something you're

going to be paying close to nineteen or twenty percent interest, which is a really really

high interest rate.

There are usually two types of accounts at a bank, one is called a chequing account,

and that's usually the account that people use the most.

There are also accounts called savings accounts, and savings accounts are usually places where

you put money and you try not to withdraw the money.

So you deposit money into the savings account, but the whole idea of a savings account is

the you're trying to save up money.

You're trying to put money away for a future time.

So you have a chequing account, which most people use for their day to day banking, their

regular banking, and you have a savings account where you're trying to save stuff up.

Generally if you're visiting the bank and it's a large bank, the building that you

visit is usually called a branch.

My local bank branch is in the town close to me.

Well that was a few words and phrases that could help you if you needed to open a bank

account in English, or if you just need to go to a bank to do some of your day to day

banking.

Bob the Canadian here.

Learn English with Bob the Canadian.

I really hope this video was helpful for you.

Please don't forget to subscribe and give me a thumbs up if you enjoyed this video and

have a great day.

It's Monday April 16th and it, it's still winter here.

I don't know if you can see the flakes of snow coming down but either way it was fun

to be outside and make this video for you.

I'll try to get it up by Wednesday morning.

Have a great day!