Financial law - revision

Let's start with an easy one. Which services are offered by banks?

• current accounts

• loans

• money travel

• internet banking

Let's focus on current accounts now. Most people need them for day-to-day transactions such as paying bills or ... money from a cash machine.

Many people also have their salary paid directly into the bank.

There are usually no bank charges for transactions if your account is in ...

(hint: not in debit).

However, if you have an overdraft your account can be described as being "in the ..." (as opposed to "in the black") and the bank may charge you for services.

Another service is LOANS.

Customers need to find a borrowing arrangement that suits them before they ... out a loan.

Loans are usually repaid over a specified period of time, by paying a certain amount each month, that is, monthly ...

Be aware that the bank charges ... on the loan from the day that the bank deposits the money borrowed into the customer's account.

One can apply for the loan online, or call into the local ... of the bank and speak to one of the staff who works there.

Yet another service is TRAVEL MONEY (NOT money travel :D)

When you travel abroad you will usually need to change your money into a different ...

Before choosing a bank or a bureau de change, it is a good idea to check the exchange ... as it may vary and you can lose money.