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[custom_headline type=”left” level=”h2″ looks_like=”h3″ accent=”true”]BANKING IN AMERICA[/custom_headline]

[custom_headline type=”left” level=”h2″ looks_like=”h3″ accent=”true”]VOCABULARY CHECK[/custom_headline]
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1. When you open a bank account, you create a new account at a bank. An account is a place in the bank to keep your money.
2. A teller is a person who works at the counter of a bank and helps customers. Sometimes tellers are also called customer service representatives.
3. Interest is money that the bank gives you in return for keeping your money in the bank. The amount of interest is based on a percentage of your balance. By the way, interest is also used to mean the additional money that you pay when you borrow money from a bank.
4. A savings account is a type of bank account where you can receive some interest.
5. A checking account is a type of bank account which has checks and a debit card. In most cases, you can’t receive any interest on a checking account.
6. A debit card is a card which looks like and works like a credit card. However, when you use the debit card, the money comes out of your bank account.
7. A check is a paper document that you can use to pay bills or transfer money from your checking account to another person’s account.
8. A balance is the record of the total amount of money in your bank account.
9. A transfer is the movement of money from one bank account to another bank account.

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