In Australia you need to have a bank account. You simply go to any bank you like and fill in a form. After you fill in that form, you need to sign it and hand it to the person helping you. After a few days, you will get a bank card in the mail. You need to sign the back of that card so nobody else can use it. You need to remember your card PIN number. A PIN number is a secret number that you must NOT tell anyone. You will need to use this PIN number each time you withdraw money from an ATM machine. ATM stands for Automatic Teller Machine.
You can go to the bank and open a savings account. You can save your money in the bank and not keep it at home because it is not safe. You can keep saving money in the bank until you have enough money to buy the things you want. The bank can give you a little more money if you keep your money there for a year or more. This is called interest.
You can also use internet banking on the internet. You can transfer money from your account to your wife’s or husband’s account from your computer at home using internet banking. You can use internet banking to pay your bills. You can pay your telephone or electricity bills online using internet banking. You can also transfer money to your family members overseas in China and in other countries.
When you get a job in Australia, you will need to give your bank account details to the company your work in. Each fortnight, the company will deposit your wages in your bank account. People who have full time jobs get 4 weeks annual leave. This means they don’t go to work for 4 weeks. They normally go on holidays or do other things. They still get money in their bank while they are on holiday.
If people don’t pay their bills on time, they normally get fines. Bank fines are very annoying. People don’t feel happy when they pay bank fines. It is a fact that banks are not nice at all, but we can’t live without them. If we need to buy a new house, we go to the bank and ask to borrow money. We ask for a loan. We can also ask the bank to help us buy a new car or a new TV. We need to ask the bank for a personal loan if we need to buy these things. Banks normally charge us more money when we ask for a personal loan. We may end up paying double the money if we don’t pay the loan back on time. If someone borrows money from a bank to buy a house and stops paying the money back, the bank can take the house away.
You can also apply to have a credit card. A credit card is a special card. You go to a shop and buy the goods you like using your credit card. You need to pay the money you spent on your credit card to the bank in 55 days. If you don’t pay the money in 55 days, the bank will charge you interest. This means it will take more money from you. It is not a good idea to use your credit card too much if you can’t pay on time.
Some people like to use a credit card because they don’t have to carry cash in their pockets. They say it is good to have a credit card any time you need to buy something. Others say credit cards are bad because people can’t stop spending money and end up paying more. Also some small shops don’t accept credit card payments. I need to use cash if I want to buy anything at these shops. If other people know my PIN number, they can use my card without asking me. I will have to pay the money they withdrew back to the bank or I will get a fine. I must remember that a PIN number is not to be given away to anyone else or I will be in trouble.
Fill in the gaps:
In Australia you need to ..................a bank account. You simply go to any bank you like and fill in a form. After you fill in that form, you need to sign it and hand it to the person ...................you. After a few days, you will get a bank card in the mail. You need to sign the ................of that card so nobody else can use it. You need to remember your card PIN number. A PIN number is a secret number that you must NOT tell anyone. You will need to use this PIN number each time you withdraw money ................an ATM machine. ATM stands for Automatic Teller Machine.
You can go to the bank and open a savings account. You can save your money in the bank and not keep it at home because it is not safe. You can keep saving ...................in the bank until you have enough money to buy the things you want. The bank can ...................you a little more money if you keep your money there for a year or more. This is called interest.
You can also use internet .....................on the internet. You can transfer money from your account to your wife’s or husband’s account from your computer at ...................using internet banking. You can use internet banking to pay your bills. You can pay your telephone or electricity bills online using internet banking. You can also transfer money to your family members overseas in China and in other countries.
When you get a job in Australia, you will need to give your bank account details to the company your work in. Each fortnight, the company will ........................your wages in your bank account. People who have full time jobs get 4 weeks annual leave. This means they don’t go to ..................for 4 weeks. They normally go on holidays or do other things. They still get ....................in their bank while they are on holiday.
If people don’t pay their bills on time, they normally get fines. Bank .......................are very annoying. People don’t feel happy when they pay .....................fines. It is a fact that banks are not nice at all, but we can’t live without them. If we need to buy a new house, we .....................to the bank and ask to borrow money. We ask for a loan. We can also ask the bank to help us buy a new car or a new TV. We .................to ask the bank for a personal loan if we need to buy these things. Banks normally charge us more money when we ask for a personal loan. We may end up paying double the money if we don’t pay the loan back on time. If someone borrows money from a bank to buy a house and stops paying the ..................back, the bank can take the house away.
You can also apply to have a credit card. A credit card is a special card. You .....................to a shop and buy the goods you like using ......................credit card. You need to pay the money you spent on your credit card to the bank in 55 days. If you don’t pay the .......................in 55 days, the bank will charge you interest. This means it will take more money from you. It is not a good idea to use .....................credit card too much if you can’t pay on time.
Some people like to use a .............card because they don’t have to carry cash in their pockets. They say it is good to have a credit card any ...................you need to buy something. Others say credit cards are bad because people can’t stop spending money and end .................paying more. Also some small shops don’t accept credit card payments. I need to use cash if I want to buy anything at these shops. If other people know my PIN number, they can use my card without asking me. I will have to ................the money they withdrew back to the bank or I will get a fine. I ....................remember that a PIN number is not to be given away to anyone else or I will be in trouble.
