Banks Related English Vocabulary Exercise with Answers


Banks play a central role in the global economy, serving as financial institutions where individuals, businesses, and governments store, borrow, and manage their money. As such, understanding the language and grammar related to banking is essential for effective communication in financial contexts.

Let’s explore some key grammatical questions related to banks and finance.

Exercise – Choose the best word.

1. Regular bank statements will be sent to you by post, listing recent __________.

a. payments
b. events
c. transactions

2. New current account customers can borrow up to £200 in the form of a low-interest __________.

a. overdraft
b. overtake
c. overspend

3. The current rate of interest for __________ overdrafts is 6.7% APR.

a. permitted
b. allowed
c. authorised

4. While your account is __________ credit, there are no charges.

a. under
b. in
c. with

5. If your account is overdrawn, charges may __________.

a. happen
b. apply
c. occur

6. When you acknowledge __________ of your new debit card…

a. receipt
b. the receiving
c. reception

7. You will be sent a PIN (Personal _________ Number)

a. identifying
b. identifier
c. identification

8. You will need to _________ your PIN each time you use the card.

a. put in
b. type
c. enter

9. Two or more customers may apply for a __________.

a. two-person account
b. joint account
c. together account

10. Current account __________ may apply for a Grimleys Credit Card.

a. holders
b. owners
c. users

11. Credit cards will be issued __________.

a. if you’re rich enough
b. if you have money
c. subject to status

12. You may __________ your account at any time.

a. close
b. finish
c. end

Correct Answers –

  1. c
  2. a
  3. c
  4. b
  5. b
  6. a
  7. c
  8. c
  9. b
  10. a
  11. c
  12. a
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