Lesson Introduction: Choosing the right type of bank account is an important decision. Before you go to open your next (or your very first) bank account, it might be wise to learn the English names of some common account features. Listen to today's podcast and you will learn some great phrases for talking about banking, and you'll also learn what to expect when opening a bank account.

A: Next, please. May I help you, sir?
B: Hello, yes, I’d like to open a bank account.
A: Certainly, I can can help you with that. What type of account would you like to open? A chequing or a savings account?
B: What What features do they offer?
A: Well, if you just take a look here, see, with our chequing account, you can have unlimited daily
transactions for a small monthly fee, and our savings account has a higher interest rate, but you must carry a minimum balance of $ 10,000 dollars.
B: I see, well, I think I’m more interested in a chequing account; I like to have easy access to my money.
A: Alright, then, with this chequing account you’ll be issued a debit card and a cheque book. Will you require overdraft protection? There is an extra fee for that.
B: No, that won’t be necessary.
A: In that case, I’ll get you to fill out this paperwork;I’ll need your social insurance number, and two pieces of government ID. If you could just sign here, and here, and here; we’ll be all set. Would you like to make a deposit today?
B: Yes, I’d like to deposit one billion dollars.