English conversations / About Checking Bank

 This tutorial English conversations- About  checking bank    has been prepared from my well known book English conversations for all occasions, which I wrote for Indian students to improve everyday conversation.

English conversations- About  Checking Bank   

Reena has been asked by her boss to teach the graduate trainee in the banks accounts department of Rama’s store how to deposit money current accounts with the bank checking account .

Bank Building

Reena: Right Sir, I’ll do that. Come along Hansa. I was just going to the bank hall myself and I’ll take you along with me.
They both leave the room.
Hansa: Thank you. I hope I won’t be too much of a nuisance. I really don’t know anything about banking. I new checking account want to open
Reena Don’t worry. You will learn checking banking as you get to handle the work assigned to you. This company banks with the Great National Bank at Central Street. Everyone at the bank is very helpful. Come let’s go. It isn’t too far and we can walk to the savings bank account section.
Hansa:What do we have to do at the bank duty?
Reena We deposit check and cash earned at the store with the bank between twelve and one every day. First you go to the store cashier and collect the money to be deposited from the cashier. He also gives you payslips for the Cash deposit.
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Cash deposit

Hansa: I have a savings bank account of my own. I know that one hands in the pay in slip and the bank cheque to be deposited to the clerk dealing with one’s account. He receives bank cheque  and stamps one part of the pay in slip and returns it to you.
Reena That is right. The procedure is the same except that in the case of the Store, where there are so many transactions every day, we have a checking bank account into which the bank cheque and cash collection is deposited. There is another thing you have to remember. The cash and bank cheque deposited are entered on different pay in slip.The cash  deposited is presented to the cashier and not to the clerk.
Hansa: What kinds of documents will be required to be deposited at the bank?
Reena You see, Rama’s Store has a large export business. We send consignments of fashion garments letter of credit in favour of Rama’s store at the Great National Bank. But the money is paid to Rama’s store only when the consignment is actually shipped to Britain. You’ll have to present the shipping documents to the bank from time to time. When shipments are make so that Rama’s store’s account may be credited with the payment for the Consignmnt of fashion garments ordered by the British firm.  

letter of credit

Hansa: This sounds complicated. And where do I do all this?
Reena There is a separate department in the bank dealing with international trade. Then, there is a Foreign Exchange too.
Hansa: Yes. At times, some of our customers pay us by Traveller’s cheques or with Foreign Exchange department . The store has to deposit this Foreign Exchange earned by it, with the bank with in twenty four hours.

Reena  Where do you buy Foreign Exchange for the Foreign travel of your Executives
Hansa: I do not know about Foreign travel . It is handled by the Export department

Foreign Exchange

Good knowledge and satisfactory conversation drill is important in English speaking. These tutorials would not only prove an asset to the reader speak English fluently in his daily life, but also on special occasions like interviews for jobs, etc. He would be able to face the interviewers with equanimity and confidence.