Portuguese · Daily Life
Banco
[/ˈbɐ̃ku/]
Bank
Beginnernoun · m
Definition
A financial institution that accepts deposits and channels those into lending.
Instituição financeira que aceita depósitos e os canaliza para empréstimos.
Example
Preciso ir ao banco sacar dinheiro.
I need to go to the bank to withdraw money.
Etymology
The term 'banco' derives from the Italian 'banco', which means 'bench', referring to the benches where banking transactions took place in the past.
How & Where It’s Used
'Banco' is primarily used in formal contexts, particularly in financial discussions, though it can also appear in informal settings.