How to Use Online Banking

Do you know how to use online banking? Could you explain to someone else in English how it works? Then this is just the unit for you!
  • Learn how to do online banking step by step and make yourself familiar with the English vocabulary that you need for it.
  • Watch authentic videos made for native and non-native speakers and test yourself in short but useful exercises!
  • The unit also includes lots of new words that will be very useful for you when it comes to financial things in general.
Before we start, take a look at the table below. These are all important words. In the next point, we are going to watch a video, and you should make yourself familiar with the words. That will help you understand the video!
bank account
I would like to use online banking for my bank account.
Your access data consists of username and password.
to charge
Do you thing they are going to charge me for using their service?
to set up
Can you help me set up online banking?
On your bank's website you will find an online banking section.
to log in
Log in to your account or register for a new account.
to sign up
Did you know that "to sign up" and "to register" are synonyms?
to select
Select the option you want.
to enter
Please enter all relevant information!
Does that have anything to do with the topic? Is that really relevant?
My username on my favourite gaming website is "Jonathan205".
to explore
Explore the world, or explore the world wide web.
to offer
Does your bank offer free online banking service?
I asked my friend Jason for advice and he made this video for you. Watch the video!
What did Jason tell us? Answer the questions according to what you have learned in the video!
    • Does online banking cost extra money?
      • Yes, it's really expensive, but it's worth the money.
      • Your bank charges you a small fee.
      • Most banks offer the service for free.
    • What do you need for online banking?
      • A cash machine.
      • A computer with access to the world wide web.
      • A special online banking machine.
    • What do you need to log in to your online banking account?
      • PIN, TAN and username
      • You need to set up five different passwords to make it safe.
      • Username and password
Now Jason is going to explain to us how to pay your bills online. We will watch the video in two parts. Listen carefully, so that you will be able to answer my questions about the video…
    • What is online bill pay?
      • The electronic way of paying your bills.
      • A virus that attacks computers.
      • A different word for online banking.
    • What did we use before online bill pay?
      • We used normal checks.
      • We always paid in cash.
      • We didn't make any money transfers.
    • Does online bill pay cost money?
      • Online banking is free, but online bill pay costs money.
      • Yes, but not very much.
      • Most banks offer the service for free.
    • What is the difference between online banking and online bill pay?
      • It's the same thing.
      • Online banking includes every transaction you do online, while online bill pay refers to paying your bills and nothing else.
      • I have absolutely no idea.
Now watch the second part of the video and fill in the gaps in the text below with words from the video!
    •  You use 
       bill pay by logging on to your online 
       account and selecting the online 
       pay option. Therefore you need a 
       . You can make either automatically recurring 
       or single payments.
Take a look at the table below. These are all words that came up in the video. Try not to forget them! Use the dictionary on the bottom right corner of your screen to look up words you don't know!
New words
Example sentences
to make out checks
Online bill pay is an alternative to making out checks.
to owe money to so.
You owe me some money, remember?
online bill pay
Have you checked out online bill pay yet?
to locate
Locate the online bill pay section on your bank's website.
required information
The information required for online banking are username and password.
Jason told you how the process of online banking works. Now you should be able to put the following steps into the right order:
  • Create a username and password for your banks website!
  • Log off!
  • Find a computer with internet access!
  • Do the transactions!
  • Log on!
  • 1.
  • 2.
  • 3.
  • 4.
  • 5.
Now we're going to look at another video. Here, Lucas has prepared something for us.
Watch the video!
In the video you just watched you have come across a few new words. Here is a list for you to study!

Word List: Online Banking, Computer

    • modern(adjective)
    • Definition:
      • pertaining to the current time and style
    • Example:
      • Our online interactive game is a modern approach to teaching about gum disease.
    • transfer(noun)
    • Definition:
      • an instance of conveying or removing from one place, person or thing to another; a transferal
    • Example:
      • You can now make that money transfer.
    • technology(noun)
    • Definition:
      • all the different and usable technologies developed by a culture or people
    • Example:
      • This technology is awesome!
    • transaction(noun)
    • Definition:
      • the transfer of funds into, out of, or from an account
    • Example:
      • Now you can make a money transaction.
    • security(noun)
    • Definition:
      • the condition of not being threatened, especially physically, psychologically, emotionally, or financially
    • Example:
      • Security is an important issue in our company.
    • code(noun)
    • Definition:
      • a cryptographic system using a codebook that converts words or phrases into codewords
    • Example:
      • This HTML code may be placed on your web page.
    • identity(noun)
    • Definition:
      • the difference or character that marks off an individual from the rest of the same kind, selfhood; a name or persona—the mask or appearance one presents to the world—by which one is known
    • Example:
      • This criminal has taken on several identities
    • prevent(verb)
    • Definition:
      • to stop; to keep (from happening)
    • Example:
      • I brushed my teeth to prevent them from going yellow.
    • mouse click(noun)
    • Definition:
      • the act of pushing down a button on a computer mouse
    • Example:
      • You're just one mouse click away from the perfect holiday!
    • effective(adjective)
    • Definition:
      • having the power to produce a required effect or effects; efficient, serviceable, or operative, available for useful work
    • Example:
      • How long does it take to make a bunch of civilians an effective military force?
    • confirmation(noun)
    • Definition:
      • verification that something has happened
    • Example:
      • I need confirmation from my boss before I can do that.
Train the words with the vocabulary trainer now.

Vocabulary trainer

What would you like displayed?
Which content would you like to enter?
Take a look at the text below. Some words are missing! Fill in the gaps!
Use these words: password, transactions, account, website, username, online banking, electronic, online bill pay, bank
    •  I was tired of going to the 
       all the time to make money 
       , so I decided to set up 
       . I asked my friend John how it worked and he said it was really easy. He told me what to do: First, you have to go to your bank's 
       and create an 
       for online banking. You have to register and choose a 
       . Then you have to select the 
       option and there you go! Now you can make 
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Show your friends how far you've come and post your results on Facebook!
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