A Bank Line of Credit Is a Prearranged Loan Amount That You Can Access by Writing Specific Checks.
Text half dozen . Personal Cyberbanking
A electric current account is an business relationship which allows customers to take out or withdraw coin, with no restrictions. Money in the business relationship does not commonly earn a high charge per unit of interest: the bank does not pay much for 'borrowing' your money. However, many people also have a savings business relationship or deposit account which pays more interest but has restrictions on when you can withdraw your money. Banks usually ship monthly statements listing recent sums of money going out, called debits, and sums of money coming in, called credits.
Nearly all customers have a debit carte assuasive them to make withdrawals and exercise other transactions at cash dispensers. Most customers take a credit carte du jour which can be used for buying goods and services too as for borrowing money. In some countries, people pay bills with cheques. In other countries, banks don't issue chequebooks and people pay bills by bank transfer. These include continuing orders, which are used to pay regular stock-still sums of money, and direct debits, which are used when the amount and payment date varies.
Commercial banks offer loans - fixed sums of coin that are lent for a fixed menstruum (due east.g. two years). They too offer overdrafts, which permit customers to overdraw an account - they tin can take a debt, upwardly to an agreed limit, on which interest is calculated daily. This is cheaper than a loan if, for case, you only need to overdraw for a short period. Banks too offering mortgages to people who want to buy a place to live. These are long-term loans on which the holding acts every bit collateral or a guarantee for the depository financial institution. If the borrower doesn't repay the mortgage, the banking concern tin repossess the house or flat - the depository financial institution takes it dorsum from the buyer, and sells information technology.
Banks exchange foreign currency for people going away, and sell traveller'southward cheques which are protected against loss or theft. They also offer advice about investments and private pension plans - saving money for when you retire from piece of work. Increasingly, banks also try to sell insurance products to their customers.
In the 1990s, many commercial banks thought the hereafter would be in telephone banking and net banking or e-banking. Only they discovered that most of their customers preferred to go to branches - local offices of the banking company - especially ones that had longer opening hours, and which were conveniently situated in shopping centres.
Do 44 . Translate into English.
Поточний рахунок, відсоткова ставка, ощадний рахунок, обмеження, банкомат, видавати чекові книжки, банківський переказ, позика, овердрафт, перевищувати кредит, нараховувати відсотки, іпотечний кредит, застава, обмінювати іноземну валюту, продавати дорожні чеки, філія, програма пенсійного забезпечення, постійне платіжне доручення.
Practice 4 five . Consummate the advert with the words from the box.
| credit card direct debit savings accounts | current accounts statements standing order | debit card foreign currency traveller's cheques |
Calling all students! ABC Bank now offers 1% interest on 1) _________________and 2.5% on 2) _______________. We will give you a chequebook and plastic: a free three) _____________for employ in greenbacks dispensers, and the possibility to apply for a 4) _____________. You can pay fixed monthly bills by five) _____________ and other bills by 6) _____________There are no account charges every bit long as yous remain in credit, and nosotros send you free monthly 7) _____________ .We can also sell you eight) ____________ for your side by side holiday, or ix) _____________for greater security. What are you waiting for? Telephone call us today!
Exercise 46 . Notice words in text six with the following meanings:
1. What you tin can earn when you leave your money in the banking concern.
2. An amount of money borrowed from a banking concern for a sure length of time, commonly for a specific purpose.
three. Something that acts every bit a security or a guarantee for a debt.
iv. An arrangement to withdraw more money from a bank account than you lot have placed in it.
v. A long-term loan to buy somewhere to live.
6. An arrangement for saving coin to give you lot an income when you finish working.
seven. To accept back property that has not been completely paid for.
Exercise 47 . Read the statements. Are they true or false? Right the false ones.
1. Current accounts pay more involvement than savings accounts. ii. There is less take chances for a bank with a mortgage than with unsecured loans without collateral. 3. Traveller's cheques are safer for tourists than carrying strange currency. 4. The majority of customers prefer to exercise their personal cyberbanking at the banking company. 5. Depository financial institution branches are now all in shopping centres.
Exercise 48 .Interpret the sentences into English.
1. Поточний рахунок - це рахунок, який дозволяє клієнтам знімати свої гроші без обмежень. 2. Багато людей мають ощадні або депозитні рахунки, які виплачують відсотки, але мають обмеження щодо того, коли клієнт може зняти свої гроші. 3. Більшість клієнтів має кредитні картки, які можна використовувати для купівлі товарів чи послуг, а також для позичання грошей. 4. Постійне платіжне доручення використовується для сплати регулярних фіксованих сум і для прямого списання грошей з рахунку. five. Овердрафт дозволяє клієнту перевищити кредит свого рахунку на певну узгоджену суму, на яку щоденно нараховуються відсотки. 6. Банки також надають іпотечні кредити людям, які бажають придбати житло. vii. Банки обмінюють іноземну валюту і продають дорожні чеки, які захищені від втрати або крадіжки.
Practice 49 . Discuss the questions in pairs.
ane. Do you/ your family/ people in Ukraine prefer to become to the local branch, or to utilize the internet or the telephone? Why?
2. Why practice you retrieve most customers still adopt to go to the bank?
Practice 50. Learn the following words and word combinations.
| save | – зберігати, заощаджувати |
| deposit | – v. вкладати в банк – n. депозит, вклад у банк |
| depository financial institution business relationship | – банківський рахунок; рахунок у банку |
| commercial bank | – комерційний банк |
| retail banking concern | – банк, що працює з населенням |
| pay involvement | – виплачувати відсотки |
| depositor | – вкладник |
| grant a loan | – надавати позику |
| borrower | – позичальник |
| transfer | – v. переказувати, переводити (гроші) – n. переказ, переведення |
| avails | – активи |
| liabilities | – пасиви |
| reserve | – резерв |
| withdraw coin | – вилучати, забирати гроші |
| reserve requirement | – резервні вимоги, обов'язковий резерв |
| assess | – оцінювати |
| terms and conditions | – умови (кредиту) |
| take chances assessment | – оцінка ризиків |
| liquidity | – ліквідність |
| maturities | – строки платежу |
| yield | – дохідність |
Exercise 51 . Read, translate and give the gist of text 7.
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