Bank on it! In this lesson, students will learn about opening a bank account in the U.S. and managing finances. The lesson features a video explaining the different types of bank accounts and their key features. Students will also practice essential vocabulary needed to open a bank account with real-life examples. The lesson includes interactive exercises and stimulating questions suitable for upper-intermediate and advanced students, helping them better understand and apply the concepts. Whether you're new to the topic or looking to refine your financial knowledge, this lesson will provide valuable skills for managing personal finances in the U.S.

Lesson Objectives

Listening: Students will watch a video on how to choose and open a bank account. The speaker covers the different types of accounts, fees, and benefits to consider when opening a checking account. This activity will help students improve their ability to understand detailed explanations and discussions in English, with a focus on vocabulary and key concepts related to banking.

Speaking: In conversation activities, students will discuss the advantages and disadvantages of different types of checking accounts, using newly learned vocabulary and idioms.

Vocabulary: Students will learn important words such as "minimum balance," "maintenance fee," "savings account," "deposit," and "budget." They will practice these words in exercises and discussions to better understand how to talk about banking.

Cultural Awareness: Students will learn about how banks in the U.S. work. They will understand why documents like a Social Security number or proof of address are needed and learn how checking and savings accounts are used in everyday life.

Homework: Students will complete tasks such as answering questions about the video, reading a scenario to choose the best option, and discussing the topic using pictures. They will also write about why having a bank account is helpful and what makes it better than using cash. This will help them review the words and ideas from the lesson.

Video

                                                Cha-ching! What do you use your bank account for? Watch this video to learn about managing finances and opening a bank account in the U.S. and its various features.
												
                                            