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Hello! In this lesson, we will practice the English associated with going to the bank for simple transactions.

What are some reasons you might need banking services? As an international person, you might need to change money or cash travelers' checks.

If you are business person, you might want to set up a checking account or a savings account with accompanying ATM cards, and credit and debit cards. You might want to get a loan for your business or to buy a car.

Most banks have a drive-up window and ATMs (Automatic Teller Machines) in addition to the regular services inside the bank. There is a human bank teller at the drive-up window, but the ATM is a machine only.

For security reasons, many banks have recently asked customers to remove sunglasses and winter stocking masks before they enter the bank.

If you intend to do any banking transactions, you must have identification. Your passport can serve as identification. Some banks require two forms of identification of a new customer. A credit card with your name or a driver's license with your name and picture would probably be accepted as proper identification.

When you enter the bank, you might see a customer service agent sitting at a desk near the entrance. If there is a customer service agent, you might want to speak to that person first. If there is no customer service person, you will speak to a teller. You will see a place where people are supposed to form a line to wait to go to a teller's window. The teller in a bank is called a "teller". An old meaning of the word "tell" meant to keep accounts, which explains the odd name for this profession.

The line for the tellers starts well back from the tellers in order to provide privacy for the customers. Customers should wait until they are summoned by the teller because the teller generally has more paperwork to complete after the previous customer and before she or he can help you.

When it is your turn to speak to the teller, you will explain to the teller what you want to do. If you would like to exchange money, you might say "I would like to exchange some (name of country and foreign currency, for example, some Japanese yen) for dollars." Canadian, Australian, and U.S. money is based on the "dollar.".

The teller in a small bank might not have much experience exchanging money. But the tellers in large cities will be experienced in this transaction.

You might want to set up a "checking account". With a checking account, you will put money into an account where the money is safe. You will be able to draw the money out without going to the bank by writing a check or by using an ATM card in a machine.

If you want to set up a checking account, you would say "I'd like to open a checking account.". The teller might say "Can I see some ID please?" or "Do you have any ID?" The teller might say "I'll need some identification, please.".

The teller might ask you "How much do you want to deposit today?". You could ask the teller "Is there a minimum deposit?" or the teller might say "There is a minimum deposit of one-hundred dollars.".

After you open a checking account, you will be issued a checkbook and an ATM card. Until your personalized checks and ATM card are ready, you will be able to use generic checks that are available at the bank.

You might like to open a savings account that is associated with your checking account. If you want to open a savings account, you might say to the teller, "I'd like to open a savings account that is associated with my checking account.". You could say "I'd like the ATM card to work for both accounts.".

When you are issued your ATM card, you will receive a "Personal Identification Number". The acronym for this number is called the "PIN" but most people call it the "pin number". Do not write down your PIN; rather memorize it.

Someone might write you a check. In order to get money for a check that someone writes you, you must take the check to a bank, and "endorse" the check while the teller witnesses your signature. There is usually a line on one end of the back of the check where you should write your whole name in ink while the teller is watching. Then you will give the check to the teller and the teller will give you the amount of money that is written on the front or "face" of the check.

If you want to get money for a check that is written to you, take the check to the teller and say "I'd like to cash this check.". It is possible, but not probable, that the check has no money in an account to back it up. Then we say that the check "bounces." The person who writes such a bad check is a criminal.

Let us listen while David goes to the bank to put money in his checking account.

Teller: Hello, how can I help you?

David: I'd like to deposit $1,000 in my checking account.

Teller: Okay, do you have a deposit slip? They are in the back of your checkbook.

David: Oh yes, here's a deposit slip.

Teller: I can fill it out for you. You want to deposit $1,000 in your checking account?

David: Yes. Can you give me the balance in my savings account?

Teller: Sure, can I see some ID?

David: Oh, sure. Here's my driver's license.

Teller: All right, the balance in your savings is $5, 276.84.

David: Thank you.

Teller: Okay, sign here. (Gives David the checking slip)

David: Thank you.

Teller: Anything else today?

David: Nope, that's it.

Teller: Thanks for coming in today.

David: Thank you. Bye

Teller: Bye.

The teller begins by asking David "How can I help you?". She might have said "Can I help you?" or "What can I do for you?".

David says "I'd like to deposit $1,000 in my checking account.". He could have said "I'd like to put $1,000 into checking, please." or "I'd like to make a deposit.". It is possible that David would want to take $1,000 out of his checking account. In that case, he would say "I'd like to withdraw $1,000 from checking." or "I'd like to take $1,000 out of checking." or "I'd like to make a withdrawal, please.". If he said that, the teller would say "Checking or Savings?".

The teller asks David "Do you have a deposit slip? They are in the back of your checkbook.". The deposit slip is the official form to show that a deposit is being made into the account. The teller might have said "You will need a deposit slip.", or "Please fill out a deposit slip.".

David remembers the deposit slip and says "Oh yes, here's a deposit slip.". He might have said "Oh, no, I don’t have one. Can you provide one?". If David were unacquainted with how to use a deposit slip, he could say "I don’t know how to use a deposit slip. Can you show me?", or "I don’t know how to fill out a deposit slip. Can you fill it out for me?".

The teller says "I can fill it out for you. You want to deposit $1,000 in your checking account?". The teller might have said "I can take care of the form for you. Do you want to deposit $1,000 into your checking account?" or "I'll fill out the form. A thousand into checking?".

David says "Yes, Can you give me the balance in my savings account?". The" balance" is the amount of money in the account. He might have asked "Can you tell me how much I have in my savings account?" or "I'd like to know the balance in my savings account.".

The teller says "Sure, can I see some ID?". She might have asked "Do you have any identification?" or "I'll need to look at your ID.".

David says "Oh sure. Here's my driver's license.". He might have said "Of course. I have my passport.".

The teller gives David the balance in his savings account by saying "All right, the balance in your savings is $5, 276.84.". Sometimes the teller writes the balance on a slip of paper and hands it to the customer. She might have said "Your savings balance is $5,276.84." or "You have $5,276.84 in your savings account.".

David thanks her. He says "Thank you.". He might have said "Thanks." or "Thank you very much.".

The teller gives David the deposit and directs him to sign it by saying "Sign here.". She might have said "Can you sign this please?" or "Would you sign the deposit slip, please?".

After David thanks her, she asks "Anything else today?". She is asking if David wants to do any more transactions or any more business in the bank today. She might have asked "Will there be anything else today?" or "Can I help you with anything else?".

David responds "Nope, that's it.". The word "nope" is a slang term which means "no.". The expression "That's it." Could also be expressed as :"That's all." Or "That is all.". He could have said "Nothing else today.".

The teller says "Thanks for coming in today.". In this case, she means to thank the customer for doing business in the bank today. She might have said "Thank you for your business.".

David thanks her and they close the conversation by saying "Bye.". They could also say "Goodbye.".

Great! Now you know some English associated with basic banking transactions.