Banks enable households and businesses to borrow and lend money.

A bank account is a place for you to put in and take out money, make payments, transfer money to another person or organisation, and pay bills.

The Bank of England is tasked with maintaining monetary and financial stability. Its core functions include issuing banknotes, regulating banks, and managing monetary policy to keep inflation low and stable. 

A branch office is a location, other than the main head office, where business takes place. Typically, this could be a bank on the main street of a town.

A budget is a spending plan for your money. It helps to keep you out of debt to make sure you have enough money to pay bills and living costs.

A building society is a financial institution owned by its members, not by external shareholders like banks. This means that anyone who has a savings account with a building society is a member and has certain rights. Building societies focus on serving their members' interests rather than maximising profits.