Listening for ielts 7 Unit 1

Unit 6
: Listening Activity No. 6 
Good afternoon everyone. Thanks for turning up today to this short talk I'm going to give on student 
banking. Many of you are unfamiliar with the way banks work in this country and today's talk should just 
give you a few starting points. Well, as you probably know you'll need to open a bank account while you 
are here, the safest place to keep your money is a bank; Choose one that is near where you study.
All the major banks in Britain offer special facilities for students and will be only too happy to explain 
how to open an account. The most useful type of account is a current account. You can pay in money 
received in any form and then draw it out when you need it by using your checkbook. Writing out checks 
in their name can make payments to other people. If you want to draw out cash for yourself, make the 
check payable in your own name or "To Cash".
A check crossed with two parallel lines is even safer as it must be paid into a bank account. Payment 
by a crossed check has the added advantage that when the person to whom you have given the check 
presents it at a bank, it will eventually come hack to your hank and provide proof of payment. Most 
people now ask their bank to supply only ready-crossed checks. 
Most banks don't make charges if you keep more than a certain amount of money in your account. 
However, you shouldn't overdraw on your account (i.e. withdraw more money than you have in) 
without the bank's permission. If you borrow money from the bank there will be an interest charge. You 
will also have to pay a small charge to convert foreign currency paid into your bank into sterling.
If you have more money than you need for month-to-month expenses, it is a good idea to open a 
deposit account for some of it, where it can earn interest. This interest is taxable, but if your bank knows 
that you are not normally resident in Britain then you do not pay tax on it. You can't pay by check on a 

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