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bank

Meaning in simple English

US /bæŋk/

bank means: An organization or building where you keep money, borrow money, and make payments.

noun

MONEY SERVICESA1

An organization or building where you keep money, borrow money, and make payments.

  • My money is in the bank.
  • The bank agreed to lend us money.
  • Which bank do you use for your savings?

Common phrases: bank account, bank loan, local bank, visit the bank

WATER EDGEA2

The land along the side of a river, lake, or stream.

  • We sat on the river bank.
  • Trees grew along both banks of the stream.
  • She swam across to the opposite bank.

Similar words: riverside, shore

Common phrases: river bank, steep bank, opposite bank

STORED SUPPLIESB2

A place or collection where useful things are kept safely until people need them.

  • The hospital has a blood bank.
  • Scientists stored rare seeds in a seed bank.
  • The data bank contains thousands of historical records.

Similar words: store, repository

Common phrases: blood bank, seed bank, data bank

COIN CONTAINERA2

A small container for saving coins or paper money.

  • Put your coins in the bank.
  • Her piggy bank was shaped like a cat.
  • He emptied his bank to buy a toy.

Similar words: money box, piggy bank

Common phrases: piggy bank, coin bank, empty the bank

verb

DEPOSIT MONEYB2

To put money into an account at a financial institution.

  • I need to bank this money.
  • He banked the cheque yesterday.
  • Have you banked the shop’s takings?

How to use it: bank something (She banks her earnings every Friday.)

Similar words: deposit, pay in

Opposites: withdraw

Common phrases: bank the money, bank a cheque, bank the takings

USE FINANCIAL SERVICESB2

To use an organization’s money services, or provide those services to a customer.

  • I prefer to bank online.
  • Our family has banked with them for years.
  • The company banks several large business clients.

How to use it: bank with someone (We bank with a small local company.)

Common phrases: bank with someone, bank online, bank with us

AIRCRAFT TURNC1

If an aircraft does this, it tilts to one side as it turns in the air.

  • The plane began to bank.
  • The pilot banked left above the lake.
  • We watched the aircraft bank sharply toward the runway.

Similar words: tilt

Common phrases: bank left, bank right, bank sharply

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