Banks in the Community Brought to you by Metro Bank.
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Transcript of Banks in the Community Brought to you by Metro Bank.
Banks in theCommunity
Brought to you by Metro Bank
Table of Contents
Who Uses Banks?2
Depositing Money4
Withdrawing Money5
Keeping Money Safe6
Counting Coins9
Borrowing Money10
1
Many communities have banks.
Drive-Thru
People can go inside the bank or stay in their car and use the drive through.
2
When people earn money for the work they do, they deposit, or place, it in the bank.
Who Uses Banks?
3
Children can keep their money safe in the bank, too.
4
When people put their money in a bank, it is called a deposit.
Depositing Money
5
When people take their money out of a bank, it is called a withdrawal.
Withdrawling Money
6
The bank keeps the money safe in a vault.
Door to the vault
Keeping Money Safe
7
Some people take important papers or items to the bank and put them in a safe deposit box.
The boxes come out so people can put things in them.
Lock
The safe deposit boxes can be different sizes.
8
A coin collector might keep his collection in a safe deposit box.
9
Some banks help people count their coins with a machine.
Counting Coins
People sometimes borrow money from the bank. A loan is money borrowed from a bank.
10
Borrowing Money
They use this money, or loan, to buy a car or a house.
11
Businesses borrow money from the bank, too.
12
They can use this money to open new stores.
13
Banks are important places in our community.
14
15
GlossaryBank – a place of business that lends, exchanges, takes care of, or issues money
Borrow – to use money from someone else with a promise to pay it back
Community – an area in which people live
Deposit – money put into the bank
Earn – get money for doing work
Loan – money people borrow from the bank
16
Money – something used to pay for goods or services
Safe Deposit Box – a box kept in a vault and used by just one person
Vault – an area of a bank that keeps money safe
Withdrawal – money taken out of the bank