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ESL Winter 4C- Banking . > CIBC Reading Vocabulary > Flashcards

CIBC Reading Vocabulary Flashcards

1
Q

Monthly fee

A

The amount charged each month

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2
Q

discount

A

a deduction from the usual cost of something

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3
Q

transfer fee

A

The amount charged when you transfer or move money from one account to another

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4
Q

balance

A

The amount of money in your bank account

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5
Q

daily balance

A

The amount of money in your bank account each day

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6
Q

Transaction

A

A deposit in or a withdrawal from your bank account .

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7
Q

ALL-IN-ONE

A

A type of bank account that is both a chequing and a savings account

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8
Q

Chequing Account

A

An account you use for everyday deposits and withdrawals

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9
Q

Savings Account

A

An account you use to save money for things you want to buy in the future eg. a house or a car

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10
Q

Unlimited

A

no limit, as many as you want

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11
Q

To avoid

A

to prevent something from happening

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12
Q

Apply now

A

A button on the website that takes you to an application

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13
Q

Show more

A

A button on the website that will show you more of the explanation

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14
Q

Show less

A

A button on the website that will hide some of the explanation

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15
Q

|Interest rate

A

A percentage of the balance in a savings account that tells you how much the bank will pay you to keep your money in the account \
Or the percentage of a loan that you must pay as the charge for borrowing money

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16
Q

Recurring Direct deposit

A

A direct deposit into your bank account that happens every week or month

17
Q

Direct Deposit

A

A deposit that you allow someone like your employer or insurance company to .put into your account

18
Q

Pre-authorized payment

A

A withdrawal you allow a company to make every week or month from your account to pay bills eg. rent or phone bills

19
Q

additonal

A

extra

20
Q

depending on your use

A

price varies by how many transactions you make

ESL Winter 4C- Banking . (1 decks)

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