Arrange the following words in correct English alphabetical (dictionary) order:
$$\text{Balance, Banner, Banana, Band, Bank}$$

Let's compare the words letter by letter to sort them alphabetically:
1. All words start with "Ba".
2. Third letters:
* Bal... (l)
* Ban... (n) [for Banner, Banana, Band, Bank]
Since 'l' comes before 'n', Balance comes first.

3. Now sort the remaining words starting with "Ban":
* Banner (fourth letter 'n')
* Banana (fourth letter 'a')
* Band (fourth letter 'd')
* Bank (fourth letter 'k')

4. Comparing the fourth letters ('n', 'a', 'd', 'k'):
* 'a' comes first $\to$ Banana
* 'd' comes next $\to$ Band
* 'k' comes next $\to$ Bank
* 'n' comes last $\to$ Banner

Combining everything in sorted order:
Balance, Banana, Band, Bank, Banner.