Apedia

Money Banks Customers Offer Accounts Pay Atm Offering

Id ESLPod_0271_CN
Episode Id ESLPod 271
Episode Title Using an ATM
Title Using an ATM
Text

Banks in the United States try to get more customers by offering "convenient" (useful and easy) services. For example, many banks offer services online. "Online banking" lets customers view their account "balances" (the amount of money that they have), transfer money to other accounts, and even open new accounts online. Banks also offer "online bill pay" so that customers can pay their bills for electricity, phone, TV cable, and other services by using the Internet, without having to write and mail checks. The bank will send a check for the customer or transfer the money directly.

Banks also offer "automated services" that happen without the customer having to do anything. For example, customers can request that their "paychecks" (the money they receive from employers) have "automatic deposit," meaning that the money appears in their bank accounts every two weeks without having to take the paycheck to the bank to deposit it. Customers can also set up "automatic transfers" so that money moves from their checking accounts to their savings accounts on the same date each month.

Many banks try to get new customers by offering free banking. For example, they might offer "no-fee accounts" where the customer doesn't have to pay for the checking account if he or she keeps a minimum amount of money in the account. Other banks offer "no-fee ATMs" so that if customers use that bank's ATMs, they don't have to pay anything to take money out of their accounts.

Other banks offer convenient hours, extending the bank's hours later in the evening or on weekends so that people who work full-time have time to go to the bank.

Topics Money

Learn with these flashcards. Click next, previous, or up to navigate to more flashcards for this subject.

Next card: Late people arrive good idea friends time management

Previous card: Airlines people complain travel flights airport announcements problems

Up to card list: ESLPod Culture Note