Hello. Welcome to the Bank of Chicago. How can I help you?
Yes. I would like to open a bank account.
Okay. Would you like a savings account or a checking account?
I think a checking account if I can.
We can see if you qualify.
Okay. But first I’d like to know what is included with a checking account.
A checking account comes with a free checkbook and you can use your ATM card anywhere in the world.
What are your interest rates for checking accounts?
The checking account has a rate of 2.4%.
What about the savings account?
The savings account has 1.2% interest rate.
Are there any fees with either account?
No. There are no fees.
I would like to open a checking account then.
Okay. There is a $5000 minimum deposit.
Oh no. I only have $3000.
Then you will only be able to open a savings account.
Okay. I will do that then.
I believe you will be satisfied with a savings account.
Once I have more money can I change the account to a checking account?
Okay. That sounds good.
Okay. You will need to sign these papers.
Hello Mrs. Robinson
Hello. How are you?
I’m fine thank you.
I’m glad. Are you ready to see the property?
Yes. I’m very excited.
Good. This property is two acres and it is in a very nice part of town.
What is the zoning of this property?
It is zoned for commercial or residential use.
That is good.
What do you plan on using it for?
I plan to build a shopping mall and sell it.
That sounds like a good idea.
What is the current property value?
Right now it is $500,000. Would you be interested in investing in this piece of property?
It sounds like a good price. I need to think about it.
It is a good price. This investment would be a great way to build equity.
I would need to get a mortgage. Do you offer mortgages?
Yes we do. You can get a 10-year mortgage or a 30-year mortgage.
I would prefer a 30-year mortgage.
Our 30-year mortgage rate is 2.5% right now.
That is a good rate!
You are right. It is a very good deal.
I think I will invest.
Excellent! I will bring you the contract tomorrow.
No. Thank you, Mrs. Robinson. It was a pleasure to do business with you.
Hello. Are you Mr. Johnson?
Yes. I am.
Nice to meet you I am Mr. Smith. I will be interviewing you today.
Good. It’s nice to meet you as well.
Thank you. Please have a seat in my office.
Mr. Johnson, tell me a little about yourself.
I am 32 years old, I was working at the steel plant until they shut it down last month and now I am looking for a job.
Tell me about your experience at the steel plant.
I was a team leader. I was always on time and my supervisor said I was one of his best workers.
Very impressive! Mr. Johnson, What are three words that describe you?
I would say…Responsible, Hard-working, and Smart.
Very good. What makes you the best candidate for this job?
Well, I am a very hard worker and I would be able to learn the tasks quickly.
Okay then. Thank you for coming. Do you have any questions for me?
Yes. I was wondering what my schedule would be if I got the job?
That’s a good question. You would work from Nine until Five, Monday through Friday. Does that work for you?
Yes. That works very well for me.
Do you have any other questions?
No, I believe that is all.
OK Mr. Johnson. It was a pleasure to meet you and we will let you know if you got the job by Thursday.
Thank you for your time Mr. Smith.
You’re welcome. Have a good day.
I am worried about my business.
Why, what’s wrong with it?
I do not have enough customers.
Are you advertising?
Yes, I have advertised with fliers, newspapers, magazines and billboards.
Have you posted anything about your business online?
No, I did not think that anyone would see my business on the internet.
That isn’t right at all, many people would see it!
I thought most people use the internet to talk to each other.
The internet has become a very big market for e-commerce.
What is e-commerce?
E-commerce is any business transaction that is done online instead of in person.
Do you really think that it would help my business?
Yes, it will help you to reach many more customers.
How do I start?
The first thing you should do is set up a website for your business.
I don’t know how to make a website.
Then you can hire someone to do it for you.
What do I do after I have my website?
Then you can list your products on it.
How will that help my business?
What does your business sell?
My business sells clothes for children and babies.
When someone goes online and searches for children’s clothes, they will see your website in a list of choices.
And what happens if they choose to look at my website?
They will see what you are selling and if they like something, they will buy it online.
This is wonderful! I can use e-commerce to reach customers that are not in my town.
Exactly, and the more customers you can reach, the better your business will do.
Good Morning Sir, how may I help you today?
I would like to apply for a loan please.
Very good, and what kind of loan are you looking for?
I want a loan to buy a new home.
And how much were you hoping to apply for today?
I was hoping that I could apply for a $250,000 home loan.
First we just have to see if your credit is good enough for a loan that large.
I have a credit score of 760.
Excellent! And I also see on your credit report that you have always paid on time.
Yes, I know how important it is to pay your debts and pay them on time.
Will you be making a down payment on your new house?
I have ten thousand dollars available for a down payment and I would like to finance the rest.
I have just a few more questions for the application. What is your gross monthly income?
I make $750 a week, so I suppose my average monthly income would be about $3000.
How long would you like the life of the loan to be?
What are my options?
You can choose between a ten, fifteen, twenty or thirty year loan.
What is the difference between a fifteen year loan and thirty year loan?
A fifteen year loan will mean higher monthly payments, but you will pay less interest.
So a thirty year loan will mean lower monthly payments, but I will end up paying more in the long run?
That is right. Which would you prefer?
I think I would rather pay it off sooner and not pay as much interest.
Then we will sign you up for a fifteen year loan.
What is my interest rate?
Based on your credit report and excellent credit score, your interest rate will be 5.9%.
That is great! Where do I sign?
Just fill out this remaining paperwork and we will get you into your new home.