Student Banking - IELTS Listening Answers & Explanations
From Cambridge IELTS 01 Academic Listening Test 4 · Part 2 · Questions 13–21
Audio
Questions
Questions 13–21 Note Completion
Complete the notes. Write NO MORE THAN THREE WORDS AND/OR A NUMBER for each answer.
STUDENT BANKING
| Recommended Banks | Location |
|---|---|
| Barclays | Realty Square |
| National Westminster | Example: Preston Park |
| Lloyds | City Plaza |
| Midland | 13 |
Note: May not be allowed all facilities given to resident students.
Funding
- Must provide 14 I can support myself.
- Services will depend on personal circumstances and discretion of Bank Manager.
Opening an account
- Take with me: 15 and letter of enrolment.
- Recommended account: 16
- Bank supplies: 17 and chequecard which guarantees cheques.
Other services
- Cashcard: (you can 18 cash at any time.)
- Switch/Delta cards: (take the money 19 the account.)
Overdraft
- Must have 20 from the bank
- Sometimes must pay interest.
Opening times
- Most banks open until 21 or 5 pm during the week.
- Some open for a limited time on Saturdays.
Answers & Explanations Summary
| # | Answer | Evidence | Explanation |
|---|---|---|---|
| Q13 | Hope Street | there's Barclays in Realty Square, National Westminster in Preston Park, Lloyds in City Plaza and Midland in Hope Street | Excerpt/Transcript Explanation: The transcript lists four different banks and tells the listener the specific street or square where each one is found. Answer Explanation: The answer is the name of the street where the Midland bank is located. Reason For Correctness: The correct answer is 'Hope Street' because the transcript lists several major banks and provides their exact locations nearby. Specifically, the speaker mentions that Midland is found in Hope Street. Keywords like 'in' or 'at' are often used before location names. |
| Q14 | evidence | Now, as an international student you will need to provide evidence that you can fund yourself for however long your course lasts | Excerpt/Transcript Explanation: The transcript says that students from other countries must bring proof (evidence) to the bank to show they have enough money to live on (fund yourself) during their studies. Answer Explanation: The answer is 'evidence', which means formal proof or documents that show something is true. Reason For Correctness: The correct answer is 'evidence' because the speaker explicitly states that international students must show proof that they have enough money to pay for their costs. The speaker says students need to provide this proof to show they can fund themselves. Keywords here are 'provide' and 'fund yourself', which match 'Must provide' and 'support myself' in the notes. |
| Q15 | passport | In addition to this most banks ask you to bring your passport and your letter or certificate of enrolment | Excerpt/Transcript Explanation: The transcript explains that when students go to open their new bank account, banks usually require two specific documents: an official travel ID (passport) and a document from their school (letter of enrolment). Answer Explanation: The answer is a passport, which is an official document used to prove who you are and what country you are from, often used for international travel. Reason For Correctness: The correct answer is 'passport' because the speaker explicitly lists the documents required to open a bank account. After mentioning financial support, the speaker says students need to bring their 'passport' along with a 'letter or certificate of enrolment.' In English, 'bring... with you' and 'take with me' mean the same thing in this context. |
| Q16 | current account / current / student account / student | Now, by far the most useful type of account to open is a current account. When you do this, you will actually get what is called a "student account" which is a current account with special concessions for students | Excerpt/Transcript Explanation: The transcript explains that the best option is a current account. It also mentions that for students, this account is called a "student account" and comes with special deals or rules made just for them. Answer Explanation: The answer identifies the best kind of bank account for a student to open, which is known as a "current account" or specifically a "student account." Reason For Correctness: The correct answer is chosen because the speaker explicitly describes the current account as the "most useful" type of account for students to have. In the context of banking for students, this specific account type provides necessary features like a chequebook and is frequently labeled as a "student account" due to the extra benefits or "concessions" it offers. |
| Q17 | chequebook / checkbook | When you open the account, the bank will give you a chequebook and you can use this to draw money out as you need it. If you need to write cheques in shops, you'll also need a cheque card | Excerpt/Transcript Explanation: The transcript explains that when a student starts their bank account, the bank gives them a chequebook for getting cash. It also says they might need a special card (cheque card) if they want to pay with cheques in a store. Answer Explanation: The answer is chequebook, which is a small book of paper forms provided by a bank that you can use to pay for things or take money out of your account. Reason For Correctness: The correct answer is 'chequebook' because the speaker mentions that once a student opens a current account (often called a 'student account'), the bank provides them with this specific item to withdraw money. The transcript also mentions a 'cheque card' as a secondary item needed for shops, which matches the structure of the notes where 'chequecard' is already listed next to the blank space. |
| Q18 | withdraw / draw out / draw / take out | You can also withdraw cash from a cashpoint machine with a cashcard. These are extremely useful as they enable you to withdraw cash from your account during the day or at night | Excerpt/Transcript Explanation: The transcript explains that a cashcard allows a person to get money (withdraw cash) from their account at any time, whether it is day or night. Answer Explanation: The answer "withdraw," "draw (out)," or "take out" means to get money from your bank account. Reason For Correctness: The correct answer is found by looking at the part of the talk where the speaker discusses the "cashcard." The speaker explains that this card is used at machines to get money whenever you need it. The speaker specifically uses the verb "withdraw," but "draw out" and "take out" are common synonyms used in banking and the earlier part of the transcript. |
| Q19 | directly from / right out of | It takes the money right out of your account, so you don't need your chequebook | Excerpt/Transcript Explanation: The transcript says that using these cards removes money immediately from your bank account ("right out of your account") so that you do not have to use a paper checkbook. Answer Explanation: The answer "directly from" or "right out of" means that when you use a Switch or Delta card to buy something, the bank takes the money from your bank account immediately. Reason For Correctness: The correct answer is found in the section of the talk about payment cards. The speaker mentions that Switch and Delta cards are useful for shopping because they take the money "right out of your account." This means you do not need to wait for a check to process because the bank subtracts the amount immediately (directly). |
| Q20 | permission | Be very careful with this you should not do this without permission from your bank | Excerpt/Transcript Explanation: The transcript tells the students that they should not spend extra money that they do not have unless the bank tells them it is allowed. Answer Explanation: The answer means you must get an 'okay' or approval from the bank before you spend more money than you actually have in your account. Reason For Correctness: The correct answer is found in the section about overdrafts, which is when you take out more money than is in your account. The speaker warns students to be careful and states they must have 'permission' from the bank before doing this. This matches the note in the task that says you 'must have' something before an overdraft. |
| Q21 | 4.30 pm / 4.30 / 4:30 pm / 4:30 | Banks used to be open from 9.30 am until 3.30 pm from Monday to Friday but many main branches are now open until 4.30 or 5 pm on weekdays | Excerpt/Transcript Explanation: The transcript explains that banks used to close at 3:30 pm, but now many big bank offices stay open until 4:30 or 5:00 in the afternoon on regular work days. Answer Explanation: The answer refers to the specific times in the late afternoon when many major bank locations now finish their work day on Monday through Friday. Reason For Correctness: The correct answer is found near the end of the speech during the discussion about "opening times." The speaker mentions that although banks used to close earlier at 3:30 pm, many main branches have updated their schedules. He states that these branches now stay open until 4:30 or 5 pm during the week (weekdays), which corresponds to the notes asking for the closing time during the week. |
Transcript
Speaker:
Thanks for turning up today, thanks for turning up today to this short talk I'm going to give on student banking. Many of you are unfamiliar with the way banks work in this country and today's talk should just give you a few starting points. I will of course answer any questions at the end.
Right. Well, as you probably know, you'll need to open a bank account while you're here — it's the safest place to keep your money and it's best to open an account with one of the major banks. You should each have a handout with the names and addresses ... there's Barclays in Realty Square, National Westminster in Preston Park, Lloyds in City Plaza and Midland in Hope Street. OK. All these banks offer special student accounts. However, it's important to note that as an international student you'll not necessarily be eligible for all the facilities offered to resident students.
Now, as an international student you will need to provide evidence that you can fund yourself for however long your course lasts. Banks have different policies and the services that they'll offer you will depend on your individual circumstances and on the discretion of the bank manager involved. So it's a matter of going there and finding out about your own particular situation.
Right, erm, when you do go to open a bank account, you should take some documentation with you. I've already mentioned that you must be able to support yourself. In addition to this most banks ask you to bring your passport and your letter or certificate of enrolment. OK?
Now, by far the most useful type of account to open is a current account. When you do this, you will actually get what is called a "student account" which is a current account with special concessions for students. When you open the account, the bank will give you a chequebook and you can use this to draw money out as you need it. If you need to write cheques in shops, you'll also need a cheque card. This is really an identity card which guarantees that correctly written cheques up to the value stated on the card will be honoured by the bank. OK?
Right, er, if you want to draw out cash for yourself you can make the cheque payable in your own name or "to cash". You can also withdraw cash from a cashpoint machine with a cashcard. These are extremely useful as they enable you to withdraw cash from your account during the day or at night.
There is also another card called Switch or Delta and you can use this to pay for things in shops. It takes the money right out of your account, so you don't need your chequebook.
Now — you may want to take more money out of the bank than you have in it. This is called having an overdraft. Be very careful with this you should not do this without permission from your bank. Overdrafts usually incur charges though some banks offer interest-free overdrafts to some students. But find out before you get one! Right?
Well, that just leaves opening times — when can you go? Banks used to be open from 9.30 am until 3.30 pm from Monday to Friday but many main branches are now open until 4.30 or 5 pm on weekdays and some of the bigger branches in London and other major cities are now open for a limited time on Saturdays.
OK — any questions?