Page 42 - OPIC-Begin

Chapter 4 Daily Life

Unit 2: Internet Banking in Your Country

Question: Internet banking is also another thing that people use nowadays.
Try to explain how this bank service is being offered in your country.

Answer 1:

Nowadays, more people do online banking. People use it to deposit, withdraw or transfer funds,
or even open an account. Many Korean banks offer services on the Internet. They even permit
international transactions. A customer must register first and get certified before he/she could
access his/her account using the Internet. To have access to one’s account in other computers, it
is suggested to use a USB when installing the certificate. Strict security measures should be done
when doing online banking to avoid being hacked on the Internet.

Points to emphasize in answering:

Try to start with a brief description of Internet banking or its purpose.
Example: People use online banking to deposit, withdraw or transfer funds, or
even open an account.

Then, discuss how to register one’s account to be able to do online banking in
South Korea.
Example: Foreigners have to register with some banks to access this service.

online banking - performing bank services through the Internet
deposit - to place for safekeeping or protection
withdraw funds - to remove from deposit
account - amount of money deposited with a bank
permit - to allow
transaction - to carry on a business deal
access - to be able to contact or reach
register - to enter formally; to enroll
install - to connect for service or use
hack - to modify a computer program skillfully

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