ESL Podcast 657 - Checking Accounts and Writing Checks
notice - notification; an official written statement letting one know something
The library sends me an email notice whenever it's time to take back the books I've checked out.
to bounce - for a check to not be paid and instead be returned to the person who tried to make the deposit, because it was written for an amount that is greater than the amount of money in the bank account
This rental agreement says that if our check bounces, we have to pay the landlord an extra $75.
overdraft - an instance when one owes a bank money because one has spent more money than one has
The bank covers my overdrafts up to $200 per day, but it charges me $25 each time.
bank statement - a written report, usually sent monthly, showing how much money one has in one's bank account, as well as all the money that was put in and all the money that was taken out during a specific period
If you don't recognize a transaction on your bank statement, be sure to call the bank right away to report it.
deposit - money put into one's bank account
Please make a deposit into our checking account today, or we won't have enough money to pay the bills tonight.
withdrawal - money taken out of one's bank account
Does the bank limit how many withdrawals you can make each month?
fee - money paid for a particular purpose; the amount of money paid in order to do something, or to have someone do something for oneself
How much is the late fee if we return our DVDs to the movie rental store one day late?
minimum balance - the smallest amount of money that one must have in one's bank account to keep the account open or to avoid paying a fee
As long as we maintain the minimum balance, the bank pays us interest on our account.
direct deposit - the process of having one's payments sent directly to one's bank account electronically, without the need to take a check or cash to the bank
Direct deposit is really convenient because employees don't have to take their check to the bank every two weeks, and nobody loses their check.
paycheck - money paid to an employee for the work that he or she has done, usually weekly, biweekly (every two weeks), or monthly
My paycheck would be a lot bigger if my employer didn't have to send part of my salary to the government for taxes.
ATM card - a small, rectangular piece of plastic that is used with a four-number code to take money out of one's bank account at an ATM (automated teller machine)
I lost my ATM card and called the bank right away so they could send me a new one.
deducted - subtracted; taken away; reduced
Chrissy has the payments for her Internet connection deducted from her bank account automatically every month.
sneaky - tricky; slightly dishonest or deceptive; without being clear about what one is doing
Some cell phone companies are really sneaky, always making new customers sign a two-year agreement and pay a lot of money if they want to end their service early.
to count on - to rely on; to depend on; to assume and believe that something will happen
That boy's parents are counting on the surgeon to save his life.
terms and conditions - the detailed part of a contract that specifies all the rights, responsibilities, and consequences associated with an agreement
Can we renew our lease without changing the terms and conditions?
had it - a phrase used to show that one is tired and frustrated with something and will not continue to use or have it anymore
This computer is too slow! I've had it! I'm going to go buy a new one today.
to take (one's) business elsewhere - to begin using the services of a different company because one was very dissatisfied with the service received from the first company
If you can't deliver my order by tomorrow, I'll take my business elsewhere.