Listen to a Business English Dialogue About Active account
Lily: Hey Jonathan, do you know what an active account means in finance?
Jonathan: Yes, I do. An active account typically refers to a bank account or investment account that sees regular transactions or activity.
Lily: That’s right. Active accounts are often preferred by financial institutions because they generate fees and help assess a customer’s engagement with their services.
Jonathan: Are there any benefits for customers with active accounts?
Lily: Definitely. Some banks offer perks or rewards for maintaining an active account, such as waived fees or higher interest rates.
Jonathan: That sounds advantageous. How can someone ensure their account remains active?
Lily: Simply by using it regularly for transactions like deposits, withdrawals, or making purchases, keeping the account balance above a certain threshold, and staying engaged with the bank’s services.
Jonathan: I see. So, it’s about keeping the account active to maximize benefits and avoid inactivity fees.
Lily: Exactly. It’s important for customers to understand the terms and conditions of their accounts to make the most out of them.
Jonathan: Thanks for the explanation, Lily. I’ll make sure to keep my account active to take advantage of any benefits it offers.
Lily: You’re welcome, Jonathan. It’s always good to be proactive about managing your finances.