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5. Sum up what the text said about the Bank of England, banking institutions of the uk, foreign banks in the uk, Lombard Street. Unit 25. Various services of banks

Banker's services cover an enormous range of activities today.

Current account services

They are extended to anyone whom Banks regard as reliable. A new depositor should be recommended by his employer or should present a reference. If this proves satisfactory the bank will accept a deposit from him which will be entered in his current account. A cheque book may then be issued free of charge. Once the customer has received his cheque book he may use the cheques to order the banker to pay out sums of money from his current account. Money is being paid into and paid out of the account as often as the customer finds convenient.

Deposit account services

Companies and individuals can deposit cash resources that are not needed at present. They can withdraw the money either any day they need it or after a certain period in case of time deposits.

Savings account services

It enables small savers to put money away for particular purposes,

for example for holidays.

Other services

• foreign exchange;

• foreign exchange transactions;

• services in foreign trade payments;

• discounting bills of exchange;

• granting loans;

• investment management services;

• cash dispensers and automated teller machines;

• safe custody;

• economic information;

• banker's credit cards; and many others.

Vocabulary Bank

service

услуга, обслуживание

current account

текущий счет

to extend to

оказывать (покровительство, внимание)

to regard

считать, рассматривать

reliable

надежный, заслуживающий доверия

to prove

оказываться, доказывать

free of charge

бесплатно

to pay out

выплачивать

deposit account

депозитный счет

to withdraw

изымать, отзывать

savings account

сберегательный счет

purpose

цель

foreign exchange

иностранная валюта

foreign exchange transactions

сделки с иностранной валютой

bill of exchange

вексель

discounting bills of exchange

учет векселей

dispenser

раздаточное средство, автомат

cash dispenser

автомат для выплаты наличных

automated teller machine

автоматическая кассовая машина

safe custody

хранение банком ценностей клиентов

Exercises

1. Answer the following questions.

1. What do bankers' services cover today?

2. What does a full list of bankers services include?

3. A cheque book is issued free of charge, isn't it?

4. What account do companies and individuals use, when their deposit cash resources are not needed at present?

5. When can companies and individuals withdraw the money?

6. What account enables small savers to put money away for particular purposes?

7. What services of banks do you know?

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