ID de réservation
18415832
Quand ?
13th November 2025
Horaire ?
15:00pm - 16:00pm
Notes
SUBJECT/TOPIC: BANKING
BANKING – Vocabulary & Notes
USA vs. France – How Banks Work
USA
Credit card + credit score system
Credit score = a number that shows how responsible you are with money
Based on:
how on time you pay your credit card
how much you borrow
your credit limit
your salary
your history of loans
Used to:
borrow money for a house (mortgage)
buy a car
rent an apartment
get better interest rates
France
Banks look mostly at your salary and job stability
No major “credit score” system like in the US
More focus on income, documents, and capacity to pay
________________________________________
BANK ACCOUNTS
Current account (compte courant)
Everyday use
Pay rent, bills, groceries
Debit card attached
Deposit account / Savings account (compte épargne)
For saving money
Usually earns interest
Not used for day-to-day spending
________________________________________
CARDS
Credit card
You borrow money from the bank
You pay it back later
Important for US credit score
Debit card
Uses the money that is already in your account
No borrowing
________________________________________
LOANS
Mortgage (prêt immobilier)
For buying a house
Long-term (15–30 years)
Big amount
Loan (prêt)
General category
Examples:
Car loan
Personal loan
Business loan
________________________________________
IN CREDIT vs. OVERDRAWN
In credit
Your bank balance is positive
You have money
Overdrawn
Your bank balance is negative
You spent more money than you have
Leads to an overdraft (découvert)
Often has fees
________________________________________
PAYMENTS / TRANSFERS
Transfer
Sending money from one account to another
Recurring transfer
A transfer that repeats every month (rent, savings, etc.)
Direct debit (prélèvement)
A company takes money from your account automatically
Example: electricity bill, Netflix, phone bill
Standing order
YOU instruct the bank to send the same amount every month
You are in control
________________________________________
BANKING VERBS
Withdraw → take money OUT (retirer)
Deposit → put money IN (déposer)
Borrow → emprunter
Lend → prêter
Earn → gagner (salary)
Win → gagner (lottery, competition)
Spend → dépenser
Save → économiser
Invest → investir
________________________________________
PRONUNCIATION
Word
Pronunciation
Notes
credit
/ˈkreh-dit/
short “e”
debit
/ˈdeh-bit/
NOT “day-bit”
mortgage
/ˈmɔːr-gɪdʒ/
the “t” is silent
loan
/loʊn/
long “o”
overdraft
/ˈoʊ-vər-draft/
stress on O
withdraw
/wɪðˈdrɔː/
“with-DRAW”
deposit
/dɪˈpɒ-zɪt/
stress on 2nd syllable