GOALS BUSINESS MATH© Thomson/South-WesternLesson 3.3Slide 1 3.3Online Banking Calculate account balance needed to make online payments.

Slides:

Advertisements

Similar presentations

Financial Institution Comparison Project

Advertisements

Chapter 23.1 Use your Money Wisely

Display slides 2 and 3 with Procedure step 2 in the lesson.

Banking Basics. Getting the idea Banks have different types of accounts for your money. A bank account earns interest if the bank pays you an additional.

Prepare a deposit slip Record entries in a check register

12.2 Cash and Trade Discounts

Financial Algebra © Cengage Learning/South-Western 9/30/20149/30/2014 Warm-Up Sam deposits $4,000 into a CD that is continuously compounded. The CD pays.

Your Checking Account Life Choices _________. Brief Checking Account Facts _____ to manage your money Can write checks for the _____ Safe to _____ Can.

7.2 Use Your Checking Account Goals: ◦Understand the purpose of a checking account. ◦Demonstrate how to write, endorse, record, and deposit checks. ◦Identify.

Unit 3: Financial Institutions & Banking Systems

Credit Cards Adult Living. Advantages of using credit It’s convenient. You don’t have to carry large amounts of cash and you don’t have to go through.

Simple Interest And Methods of Payment. * Whenever money is borrowed, the borrower (an individual, organisation or community) pays the lender (a bank.

GOALS BUSINESS MATH© Thomson/South-WesternLesson 7.5Slide 1 7.5Bond Interest Calculate bond income Calculate bond yield Calculate total cost of bonds.

Loans and Investments Lesson 1.5.

Read to Learn Discuss the different types of checking accounts and how they work. Discuss other services and offerings that banks provide checking account.

Checks, Deposits, Registers, and Reconciliations.

Computerized Accounting Systems The new ways we “PLAY” with money.

September 9 & 10, Objectives  Determine how interest is compounded for savings accounts.  Explain the various electronic banking methods.  Identify.

Chapter 3, Section 3 ELECTRONIC BANKING.

Banking Math 10 Essentials. Banking Transactions A bank is an financial institution which deals with cash, domestic and foreign, receives and stores deposits.

2 You Will Know Major types of insured financial institutions Basic banking terms Differences between banks and check-cashing services Bank employees.

GOALS BUSINESS MATH© Thomson/South-WesternLesson 1.1Slide 1 1.1Hourly Pay and Salary Calculate gross pay for hourly-rate employees Calculate gross pay.

Checking Accounts/Banking Services Checking Accounts Used for regular spending money and to pay bills Write checks or use debit card to spend from.

GOALS BUSINESS MATH© Thomson/South-WesternLesson 3.4Slide 1 3.4Check Register Reconciliation Reconcile a bank statement Reconcile and correct a check register.

3.6 Savings Accounts Calculate simple interest on savings deposits

GOALS BUSINESS MATH© Thomson/South-WesternLesson 3.2Slide 1 3.2Electronic Banking Record electronic banking transactions Find account balance when banking.

GOALS BUSINESS MATH© Thomson/South-WesternLesson 3.7Slide 1 3.7Money Market and CD Accounts Calculate interest earned on special savings accounts Calculate.

Business Math 3-3 Online banking. Goal Calculate account balance needed to make online payments.

Financial Algebra © 2011 Cengage Learning. All Rights Reserved. Slide FUTURE VALUE OF INVESTMENTS Calculate the future value of a periodic deposit.

SECTION 4-6 pp Online Banking.

SECTION 4-5 Reconciling the Bank Statement pp

Checking account – An account held at a bank, credit union, or other financial institution in which account owners deposit funds. Account owners have the.

Lesson 2: Introduction to Banking. Objectives: Identify types of accounts Evaluate banking transactions for accuracy and completeness Determine uses for.

Checks, Deposits, Registers, and Reconciliations.

Online Banking System. Introduction Online banking is the practice of making bank transactions or paying bills via the Internet. Thanks to technology,

Opening A Checking Account CONSUMER BANKING SIMULATION Mrs. Reed's Family and Consumer Sciences 1.

Checking Accounts Open, Manage, and Reconcile. 1. What is a checking account?  A checking account is opened at a bank or other financial institution.

© 2014 Cengage Learning. All Rights Reserved.

The Three “C’s” of Credit

How does it work? What is it made of? What is it made of?

8.3 Compound Interest HW: (1-21 Odds, Odds)

Course Reimbursement Professional Staff Seaford School District

Introduction to Commercial Banks

Electronic Banking Electronic Fund Transfer (EFT)

Checking Bank Account By: Nicolas Gomollon.

Chapter 3 Banking Services

Open, Manage, and Reconcile

Financial Institution Comparison Project

Mobile Banking What can it do for you?.

Banking: Managing your money

Online Payday Loans Canada Same Day -Perfect Way To Avail Same Day Financial Support At The Time Of

Warm-up a) Explain why it is important to keep your bank card PIN   secure. b) List three ways that you can protect your personal banking  information.

Chapter 10 Consumer Education.

Financial Institutions Electronic Banking Checking Accounts

Tracking, Balancing, Reconciling

Why We Use Money Money is anything you exchange for goods or services.

Banking Lesson 4.3.

Financial Institution Comparison Project

Financial Institution Comparison Project

Why We Use Money Money is anything you exchange for goods or services.

RECEIPT RECEIPT RECEIPT $ $ Amount Dollars $ Date No.

RECEIPT RECEIPT RECEIPT $ $ Amount Dollars $ Date No.

Using tools to manage money

SECTION 4-3 Check Registers pp

Statements & Finance Charge

RECEIPT RECEIPT RECEIPT $ $ Amount Dollars $ Date No.

Review What is the difference between simple interest and compound interest? Which will earn more? What 4 methods can you use to take money out of a checking.

Banking Skill 10.

Financial Institution Comparison Project

LESSON 5-3 Journalizing Dishonored Checks and Electronic Banking

Presentation transcript:

GOALS BUSINESS MATH© Thomson/South-WesternLesson 3.3Slide 1 3.3Online Banking Calculate account balance needed to make online payments

BUSINESS MATH© Thomson/South-WesternLesson 3.3Slide 2 Online-Account Access Online banking allows you to do your banking by using your personal computer and the Internet. Each bank designs its own Internet website. What you see on your screen and how you use an online banking system differs among banks.

BUSINESS MATH© Thomson/South-WesternLesson 3.3Slide 3 Examples of Online Banking Services Access accounts 24 hours day, 7 days a week Transfer money between accounts Receive bills electronically Make payments Reorder checks Communicate with bank staff View account history

BUSINESS MATH© Thomson/South-WesternLesson 3.3Slide 4 Sample Online Banking Screen

BUSINESS MATH© Thomson/South-WesternLesson 3.3Slide 5 Making Decisions About Online Accounts When selecting a bank at which to do online banking, the most convenient choice is the bank you now use. You should also evaluate the systems at other banks. Select the system that best meets your needs, is easiest to use, and does so at the least cost.

BUSINESS MATH© Thomson/South-WesternLesson 3.3Slide 6 Using Online Accounts You must identify sources of deposits to the account and decide who will be paid online. You will also have to determine the dates on which bills are due and the usual amount of the bill if it changes from month to month. Online banking simplifies the banking process, yet is very similar to using a regular checking account.