Intro
1. Learn Vocabulary - Learn some new vocabulary before you start the lesson.
2. Read and Prepare - Read the introduction and prepare to hear the audio.
Choosing a bank is a very important decision. There are several factors to consider when you pick the institution that will manage your money.
Find out about the bank by calling, visiting their Web site or talking to a friend. Most people belong to a bank for many years, so spend some time thinking about what is important to you.
Dialog
1. Study - Read the dialog again to see how the vocab words are used.
The first thing to decide is what type of institution you want to join. Some banks are national, with branches throughout the entire United States. Other banks have only one branch. Another option is a Credit Union. Credit Union’s can sometimes offer better rates.
After you decide what type of institution, you should discover the features of each bank. Depending on how you like to do business these features could make or break your decision to join. Find out how many ATMs the bank has and if you have to pay additional fees to use them. See if you can manage your accounts using the Internet. Some people really like to bank from home! You also might want to find out if there is a drive-up teller.
Another thing to consider is the location of the bank. Is there one near your home or place of work? Also, is there going to be anyone else on the accounts (like your parents, or husband/wife)? Be sure you think about what is easiest for them too.
Quizzes
Lesson MP3
The iTEP® test
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Discussion
Developing a relationship with a bank is important because as you get older, you may need to use the bank for more advanced services. If you borrow money to buy a car, you need to be established so the bank feels good about lending you what you need.