Words / B1

BANGK-ing/ˈbæŋkɪŋ/

Banking is the business of banks: retail banking; online banking; the banking sector. A bank is the institution. Uncountable. Do not write “a banking” for one payment. High-street banking is the UK phrase for ordinary branches. Investment banking is the corporate deal side.

Meaning

The business of banks: keeping money, loans, and payments.

Examples

• “Online banking let her pay the rent without visiting a branch.”
• “Online banking let her pay the rent without a branch visit.”
• “The inquiry examined risk in retail banking, not only in trading.”

Good to know

Uncountable: banking; online / retail / investment banking. Institution: a bank. UK: high-street banking.

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