Unit 1. Banking management

Warm-up

1. How do you usually manage your account?

2. Would you like to change the way you bank? Why? Why not?

Vocabulary

Match these terms with their definitions.

1. overheads	a) money kept in the bank to earn interest
2. bank charges	b) money spent on the general running of a business, not related to producing goods or selling services
3. interest rate	c) what customers pay the bank in return for its services
4. assets	d) amount the bank will pay customers on their deposits
5. savings	e) arrangement that allows customers to take out more money from their account than they have put in
6. overdraft	f) funds belonging to an individual

Find a word or phrase in the text that has a similar meaning.

1. put money into your account 4. as soon as possible

2. fill in a form 5. money in your account

3. present 6. free

Find a word or phrase in the text that has the opposite meaning.

1. old-fashioned 4. cheap

2. risky 5. complicated

3. difficult 6. Impersonal

Translate the following sentences from Russian into English.

1. Чтобы открыть счет в банке, вам нужно, в первую очередь, заполнить бланк заявления.

2. Процентная ставка – это сумма, указанная в процентном выражении к сумме кредита, которую платит получатель кредита за пользование им в расчете на определенный период.

3. Накладные расходы включаются в себестоимость продукции, издержки ее производства и обращения.

4. Банковские расходы обычно включают затраты на осуществление банковских операций и обеспечение функционирования банка.

5. Действующая в Российской Федерации форма бухгалтерского баланса включает два раздела активов: оборотные и внеоборотные активы.

6. Материальные запасы, дебиторская задолженность, денежные средства относятся к оборотным активам.

7. Источником сбережений является доходная часть семейного бюджета, которая состоит из натуральных и денежных доходов семьи.

8. Сбережения используются для покупки ценных бумаг и других финансовых инструментов, или размещаются в виде банковских вкладов.

9. Как правило, за овердрафтом обращаются в тот банк, который занимается расчетно-кассовым обслуживанием потенциального заемщика.

10. Интернет-Банк – это современный и удобный способ управления вашими средствами на счете банковской карты через интернет с персонального компьютера или мобильного телефона.

Reading

Read the article and render it.

Open an account today

Designed for the Internet? Not the high street

Next time you're in a High Street Bank, look around you and think how much it must cost to run – a prestige address, a nice office for the manager, lots of staff and glossy leaflets. You might as well enjoy it – because you're paying for it. With first-e, overheads and bank charges just don't apply. This means better interest rates for you.

High interest rates

First-e offers high interest on every pound you put in. We accrue interest daily and pay it monthly, without deducting tax, as long as you fill in the form we give you.

Your money is safe with us

We use the most advanced and secure systems available to protect your assets, so your money is just as safe as it is in a High Street Bank. A number of sophisticated security layers including advanced encryption technology are used to protect all first-e customers.

Opening an account is simple – it only takes an instant

All you have to do is:

1. Complete and submit the on-line application form. You will then receive a confirmatory e-mail. As soon as you receive this e-mail, you will be able to access your account and transfer money from your current bank account.

2. Print, sign and post the relevant documents to us. Once we have received these documents, we'll confirm without delay that your account is fully active.

Transfer cash out conveniently and easily

You can transfer funds on-line from one first-e account to another – easily, instantaneously and without charge. Similarly, you can use the on-line transfer facility to transfer funds to and from another bank account in the UK, free of charge. Transfers to another bank normally take three working days to complete. Note that we do not currently accept cheques for the first-e savings account. Handling cheques is a slow and expensive practice. By not processing cheques, we can pass the savings straight onto our customers.

Manage your finances the easy way

We've all stood in bank queues, trying to find a deposit slip and fill it in while we're standing up with a biro on a chain that doesn't work. We've all tried in vain to get an appointment with some junior manager for an overdraft.

First-e aims to change all of that, and make banking easy and convenient. We've done everything we can to make our services as friendly and simple as possible.