Brief introduction to British banking terms: After arriving in the UK, you should open an account in a bank as soon as possible. Britain's financial industry is very developed and its services are perfect. During your study, you will enjoy some banking services that are not available in China at present. Here are some common expressions in dealing with banks, and you will find them very useful.

? Cash card: You can withdraw cash from the bank or ATM.

? Check guarantee card: When you use a check, the merchant will ask you to show this card as a guarantee of payment. A cheque card indicates the guaranteed amount, which is the maximum amount of a cheque that can be drawn at one time.

? Debit card: With this card, you can spend money directly in the store, and the expenses will be deducted directly from your account through the bank's settlement system.

In fact, the above three cartoons are often combined into one card, which contains the above functions and is very convenient to use.

? Credit card: If your credit status is good, the bank may provide a credit card after application and review. Credit cards allow you to spend first and then pay, and you will receive the bill of last month regularly for you to arrange payment.

? Current account: used for deposits, withdrawals and daily expenses, usually with little or no interest.

? Savings account; There is interest, which can't usually be used to pay checks. Sometimes advance notice is needed to withdraw money.

? Overdraft: Overdraft is not allowed. If you really need an overdraft, I suggest you negotiate with the bank in advance. Some banks will allow students to overdraw for free for a certain amount and time, but usually you need to pay interest on the overdrawn amount. In order to avoid this situation, it is recommended that you always check the balance in your cash account and transfer the expected expenses from your deposit account to your cash account in advance.

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