Bank

1. Bank: an organization which keeps money safely for its customers: - A type of bank which specializes in lending money to people who want to buy a house: building society - A local office of a bank: branch Where's the nearest branch of the Bank of Scotland? - The type of business done by banks: banking (noun U) The financial sector, including banking, insurance and investment services - The person who is in charge of a branch of a bank: (bank) manager - A person who works in a bank: (bank) clerk - The person that you pay money to or get money from: cashier - A person who owns a bank or who has an important job in a bank: banker - The long flat surface where customers are served: counter - A machine outside a bank where you can get money: cash dispenser, cash machine - To keep your money in a particular bank: bank with sth I bank with Barclays. - The arrangement by which a bank looks after your money: (bank) account 2. Keeping your money in a bank: -an account from which you can take out money at any time by using a cheque book or cheque card: current account (AmE checking account) - an account where your money earns interest: deposit account, savings account - an account which you share with sb else: joint account - to start a new account with a bank: open an account - to stop using an account: close an account 3. Using a bank account: - to add money to your account: pay*/put* money in (to an account) I paid £500 into my account. - a book used for putting money into or taking money out of some kinds of account: passbook - to take money from your account: take*/get* money out (of an account), (more formal) withdraw* money (from an account) I'd like to withdraw £200, please. - to get money from your account you write a cheque (AmE check) or use your passbook - to get money from a cash machine you need a bank card and a secret number called a PIN number - when a bank puts money into your account, it credits your account (with sth); when it takes money out, it debits your account (with sth) They told me they had credited my account with £20. - an arrangement by which a bank pays a certain amount of money regularly, for example to pay a bill: standing order - an arrangement by which money is automatically taken out of your account in order to pay a bill: direct debit (noun C/U) I pay my electricity bill by direct debit. 4. The amount of money in an account: - the amount of money in your account: (bank) balance - a list showing how much you have paid into your account, how much you have taken out and how much you have left: statement

- if you still have some money in your account, you are in credit, (informal) in the black - if you spend more money than you have in your account, you are overdrawn, (informal) in the red - an amount of money that you spend that is more than the amount that you have in your account: overdraft She wants to pay off her overdraft before she gets married.