ID de réservation
18127366
Quand ?
24th November 2025
Horaire ?
14:00pm - 15:00pm
Notes
SUBJECT/TOPIC: BANKING
FEEDBACK/HOMEWORK:
Thank you for our last lesson. You can find below notes.
We will review the last part of banking in the next class for about 20-25 minutes.
Before we begin on the next topic regarding Business Idioms.
Thank you and talk soon!
Sincerely,
Marielle
NOTES:
Currencies (EU & Worldwide)
CZ – Czech koruna
PL – Polish zloty
DK – Danish krone – colorful architecture
SE – Swedish krona
NO – Norwegian krone
Iceland – Icelandic koruna – winter, northern lights, “other-worldly” atmosphere
MX – Mexican pesos
PH – Philippine pesos
UAE / Morocco – Dirham
Middle Eastern countries – Dinar
Brazil – Real
Underrated – beautiful but not well known or appreciated.
Bank Accounts
1. Current account vs Deposit account
Current account (compte courant):
Daily use, receiving salary, paying for things, direct debits, transfers.
Deposit account / Savings account (Livret A):
Used for saving money, earning interest, not for daily spending.
Time deposit / Fixed-term deposit:
Money locked for a specific period.
Deposit (verb):
To add money to an account.
Loans
2. Mortgage vs Loan
Loan:
Money borrowed from the bank for anything (car, personal loan, business loan).
Mortgage (prêt immobilier):
A loan specifically for buying a house or property.
US vs Europe
US: Borrowing depends heavily on credit score.
Europe: Banks focus more on salary, job stability, and debt ratio.
Credit score: A number showing how well you pay back debts (US).
Personal debt: Student loans, credit cards, car loans.
Cards
3. Credit card vs Debit card
Debit card: Money comes directly from your bank account in real time.
Credit card: You borrow money from the bank and repay it at the end of the month.
Account Balance
4. In credit vs Overdrawn
In credit: Your balance is positive.
Overdrawn: Your balance is negative. You spent more than you had.
Overdraft: The negative amount on your account.
Payments
5. Direct debit vs Standing order
Standing order:
Automatic payments you set up (rent, phone bill, internet).
Direct debit/ Recurring transfer: A repeating transfer you schedule every month.
Money Verbs
Spend – dépenser
Save – économiser
Invest – investir
Earn – gagner (salary)
Lend – prêter (the bank lends money)
Borrow – emprunter (we borrow money from the bank)
Loan (noun):
The bank gives us a loan.
Loan (verb):
The bank loans us money.
GRAMMAR / USAGE
Verb Patterns with Money
The bank lends us money.
lend = from the bank to you
We borrow money from the bank.
borrow = from you, taking money from someone else
Earn is only for salary or work:
I earn €3,000 a month.
Win is for games, lotteries, competitions:
She won money in the lottery.
Common Confusions
Deposit (verb) = put money in
Deposit account (noun) = savings account
Loan (noun)
I got a loan from the bank.
Loan (verb)
They loaned me €2,000.
Lend (verb)
The bank lends people money.
PRONUNCIATION FOCUS
Word
Pronunciation
Notes
loan
/loʊn/
long “o” sound
earn
/ɜːrn/
same vowel as “learn”
debit
/ˈdebɪt/
stress on first syllable
credit
/ˈkrɛdɪt/
short “e”
overdraft
/ˈoʊvər.dræft/
“gh/ft” cluster, clear “aft”
pesos
/ˈpeɪ.soʊs/
long “a”
dirham
/ˈdɪr.hæm/
short “i”, clear “ham”
krone
/kroʊn/
rhymes with “phone”
zloty
/ˈzwɒ.ti/
“zw” sound, stress on first syllable
real (Brazil)
/heˈaw/ (Brazilian Portuguese)
not pronounced like English “real”