537 - Types of Bank Accounts

Descripción: Slow dialogue: 1:24
Explanations: 3:30
Fast dialogue: 17:56

Luiz: Where are you going?

Iona: I’m going to the bank to open an account.

Luiz: W...hat kind of account: a savings account, a checking account, or a CD?

Iona: Um, I’m not sure, but I’m sure someone at the bank can help me decide.

Luiz: You’ll also need to decide if you want an interest-earning account or not, and don’t forget to ask for free checking. Pick a bank that doesn’t have monthly service charges.

Iona: Okay, thanks…

Luiz: And make sure you know if there’s a minimum balance required, because if the account dips below that minimum, you’ll be charged a fee.

Iona: Yes, right, I’ll be sure to do that. Well, I’d better get going…

Luiz: You probably want to open a checking and a savings account, so make sure you link those accounts. That should give you overdraft protection, in case you ever bounce a check.

Iona: Okay, I’ll definitely keep all of that in mind. I’d better go. Samil is waiting for me.

Luiz: Are you thinking of opening a joint account with your boyfriend?

Iona: We’re considering it…

Luiz: Pool your money and open a CD. That way, you’ll lock in a good interest rate and neither of you can touch the money until the CD matures.

Iona: We’ll think about it. Thanks.

Luiz: Oh, and…

Iona: Would you like to come with us to the bank and help us open our accounts?

Luiz: Really? But I don’t want to interfere.

Iona: You, interfere? I can’t imagine you ever trying to interfere.

Script by Dr. Lucy Tse