German · Work & Business
Bank
Bank
Beginnernoun
Definition
A financial institution.
Example
Ich gehe zur Bank, um Geld abzuheben.
I am going to the bank to withdraw money.
Etymology
The term 'Bank' was borrowed from the Italian word 'banca', meaning 'bench' or 'table', where moneylenders used to conduct their business during the medieval period. It has since evolved to refer to financial institutions in modern German.
How & Where It’s Used
'Bank' is used in both formal and informal settings, mainly in financial discussions. The term appears in written documentation like contracts and bank statements and is also common in everyday conversation throughout Germany.