Banking and its role in our life. Methods of paying. Discuss why it is important to open a bank account. Do you think it is safe to keep all your money in a bank? Which payment method do you prefer?

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Since banking and finance are so important to the functioning of the modern world, the way we generate returns on capital could not work without the banking system. They allow people to easily and safely save their salary and pay for things.
Therefore
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, every country worldwide has banks and branches in almost every city, allowing people to use them conveniently.
In addition
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to local branches, each bank has a head office where all centralized tasks are performed, allowing local branches to function.
While
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many banking transactions can be done online, some things still require a visit to an office,
such
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as opening or closing an account or issuing a paycheck.
Consequently
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, if they want to open or withdraw more money than is in their account, or want to borrow cash for a loan, they may have to contact a manager, a teller or an advisor - a staff member who helps customers. Apart from using cash or checks, banks
also
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offer more convenient methods to their customers
such
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as debit and credit cards. In my opinion, these methods are more convenient, since to pay for goods you only need to have a plastic card with you,
although
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I believe that paying with a QR code through an application, rather than with cash or a card, is the most convenient. Which payment method do you prefer? With plastic, you can easily pay for any purchase. But you will need to either sign a receipt or enter a PIN to confirm your purchase and prove that you are eligible to use it. It is generally accepted that keeping funds in an account is better than storing them in a safe at home.
However
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, there have been cases of funds being withdrawn from accounts
as a result
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of fraudulent activities. Do you agree with
this
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? To summarize, we can say that the range of banking services is expanding every day, and the system is being improved. I am confident that everyone who uses the bank's services will find a service that suits their needs.
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task response
Your essay demonstrates a solid understanding of the topic, maintaining a clear position throughout. However, expanding on your examples with more detail could provide a deeper insight into your argument.
task response
For higher scores, consider adding a more detailed introduction that clearly states your main points and a conclusion that summarizes your argument effectively. This makes your essay more rounded and satisfying.
coherence and cohesion
Your essay shows good coherence with logical progression of ideas. To improve further, use a wider range of linking devices to connect your ideas more smoothly.
coherence and cohesion
Using varied sentence structures and transition words can enhance the flow of your essay and engage the reader more effectively.
task response
The essay engages with the topic directly, showing a good level of understanding.
coherence and cohesion
Good use of examples to support your points about the banking system and its functionality.

Fully explain your ideas

To get an excellent score in the IELTS Task 2 writing section, one of the easiest and most effective tips is structuring your writing in the most solid format. A great argument essay structure may be divided to four paragraphs, in which comprises of four sentences (excluding the conclusion paragraph, which comprises of three sentences).

For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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Topic Vocabulary:
  • Financial institutions
  • Safeguarding
  • Facilitating transactions
  • Online banking
  • Direct deposits
  • Fraud protection
  • Digital payments
  • Economic growth
  • Financial security
  • Intermediaries
  • Credit availability
  • Investment opportunities
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