Today’s English Lesson focuses on MONEY & Banking vocabulary/collocations. The lesson is in two parts. English lesson Part one: Beginner English lesson Part one: intermediate.
Read a full transcript of the video below:
Hello, I’m over the moon you’re here. I know that’s a cliche, but I am really over the moon, I am so happy that you’re here and that you are coming to class to learn something new with me.
I’m Halima from Blackboard English. And I’m an English teacher here to help you speak English fearlessly, so that you can gain the freedom to dream bigger, and live the life you want my friend. Today we’re going to learn collocations related to money. Collocations are my favourite thing in the whole wide world. I want to remind you that collocations help you sound natural when you’re speaking and writing. If you’ve never heard of collocations before, it would benefit you more. If you watch the lesson I created about collocations. I have the link in the description below, so watch that video before you watch this one. Before I start teaching you the new collocation. Let’s begin with the very basic collocations related to money, But if you are just starting to learn English, then this, these words are good for you to learn and if you already know these words, I would love it if you could use it in your everyday conversation. So it’s easy for you to listen, but it’s a little bit harder when you understand the words. You’ve seen it before you’ve learned it before. And you put it into action best way that you are going to become fluent in English speaking by using what you learn here with me, let’s get started.
The first collocation is go to the bank, I have to go to the bank before it closes, go to the bank. So this very simple next one, borrow something from a bank, you could borrow money from the bank when you need money and you don’t have enough money in the bank can give you some The next one, a bank account, I need to open a bank account. Okay, so it just means having an account inside a bank. The next one, a bank statement, a bank statement, I prefer getting my bank statements online. So a bank statement is the amount of money that is coming into your bank and going out. So you get to see how much you have, how much you’ve been spending and so on. The next one is your bank balance. So the bank balance is how much you have in your bank account at a particular time. Your bank balance depends on how you are as a person, are you a spender? Or do you budget and save and you’re good with money?
Okay, so those are the words that are the beginning stage that you should know, before you go on to the next level, you should be able to use these words fluently and easily and be able to communicate and converse in a way that’s natural using these collocations. If you can’t, or you haven’t and you haven’t received the practice, I suggest that you write them down and you start using them as soon as possible, as much as you can. So we’re going to start with the new collocations the harder ones. Before I teach you, I want you to get a chance to test yourself. Here’s a picture what is the person doing? So is the person depositing money or withdrawing money, depositing money or withdrawing money? Which one are they doing? Pause the video now and just take the time to try to guess.
The answer to this one is withdrawing money withdrawing money. So to withdraw money is the same as taking out money from an account. So I want to take out money from an account. So from my account – not any account – is the same as withdrawing money. So if you go to the bank clark, you can say I’d like to withdraw money please or withdraw cash. So withdraw or deposit. So withdraw is to take out, and deposit cash is to put money inside the bank account.
I have a picture for you. What is this thing called? You probably know the collocation already. So this one’s an easy one. Can you tell me what it is? This is a cash machine or an ATM. So ATM stands for automated teller machine.So ATM or cash machine, either one is good. Well done if you got it right. If you didn’t, that’s okay. Now you know the answer. I’m going to use a sentence using this word. So there was a long line of people at the cash machine. So I had to wait a little bit. Right. So the next one, I’m going to tell you a story and I’m going to leave out a part. And what I want you to do is tell me what’s missing in the story.
A few years ago, a long long time ago, I wanted to withdraw cash to give it to my friend, I looked for a cash machine, and I finally found one, I tried to withdraw money, but the screen kept saying blank. A few years ago, a long, long time ago, I wanted to withdraw cash to give it to my friend, I looked for a cash machine and I finally found one, I tried to withdraw money, but this screen kept saying blank. So what do you think the screen was saying? So the screen was saying, which collocation am I looking for? Leave a comment let me know which collocation is missing. Pause the video now, don’t cheat, don’t like keep watching. Stop the video and try to guess what you think the machine said.
So the collocation I was looking for is insufficient funds, insufficient funds. This is a formal way to say you’re broke – I’m kidding – and broke means obviously not having enough money. So when the machine sees that you don’t have enough money, it will say insufficient funds. Okay? Now let’s take a look at the antonym or the opposite of the collocation. insufficient funds. If you have enough money in your account, we take away the ‘in’ from the sufficient and now it’s sufficient funds. So sufficient, insufficient. Sufficient means there’s enough money, insufficient funds means there isn’t enough money in the account.
Right, let’s continue with the test. I really like this way of testing just to make sure that you understand which vocabulary to use and also to check you understand what you know, and what you don’t know. Let’s continue with the story way of testing you. Last week, I went to the bank because I wanted to send money to my friend Alfred. I asked the bank clerk to blank funds to another account. I’m gonna say it again. Last week I went to the bank because I wanted to send money to my friend Alfred. I asked the bank clerk to blank funds to another account. So what should go before funds which collocation is suitable for sending money from one account to another. So which am I looking for?
Right, so it is, you can transfer funds, transfer funds from one account to another. You’re doing a great job of you’ve listened to until this part, you’re really really can pay attention and you don’t get distracted easily. So well done. Let’s look at all the words the collocations that we learned today. Remember the very basic go to the bank, borrow something from the bank, or bank account. So I need to open a bank account, a bank statement, your bank balance, withdraw cash, deposit cash, a cash machine, or an ATM, sufficient funds, insufficient funds, and last but not least, transfer funds. You’re doing such a fantastic job, you should be super proud of yourself.
I’d like to invite you actually to receive the weekly emails that I only send to the very best of students. As a bonus for coming to this class. I’ll send you a free collocations poster to get you started. All you have to do is click the link under this video and sign up to receive emails. Well done for coming to class fearless learner. If you liked today’s topic, then I’d love it if you joined us in my speaking club where we take the topics I teach you here and use it to practice speaking. To learn more go to www.blackboardenglish.com/join. That’s the end of the lesson. It would be fantastic if you supported me by liking this lesson, sharing with your friends, and subscribing if you haven’t done so already and if you have thank you so much for subscribing it means so much to me.