Types of Bank Account
401(k) noun
in the US, a special account in which
people can save some of the money they earn for their retirement without paying taxes on it.
account noun
an arrangement in which a bank looks after
your money. You can deposit put in or withdraw take out money
when you need to.
bank account noun
an arrangement with a bank that allows you
to keep your money there and to pay money in and take money out.
budget account noun
British an account with a bank, shop, or other organization
that allows you to pay for something with regular small payments.
checking account noun
American a current
account.
chequing account noun
Canadian a current
account.
current account noun
British a bank account that you can take money out of whenever
you want using a cheque or a cash card .
The American word is checking account.
deposit account noun
a savings
account at a bank.
ISA noun
Individual Savings Account: a British
tax-free savings account.
merchant account noun
business a bank account used
by someone who sells a product or service for taking money from customers who
pay by credit card.
savings account noun
a bank account that gives you interest on
the money that you have in it.
total words = 11
