To recognise that banks can provide a range of financial services and products To appreciate that while banks help us manage our money they are also businesses Know that they might have to make choices about financial products and services in the future

Banks How many different banks can you think of? Can you recognise these logos? Did you know there are over 150 different banks registered in the UK

Bank quiz What do you know about banks?  Sort the cards according to whether you think they are TRUE or FALSE

Bank quiz Banks have money to give away? Banks will help you to manage your money? Banks will lend money to people under 18? Banks tell their customers how much money they have in the bank? Banks give all their customers cheque books and bank cards Banks print all their own money

Bank quiz Banks look after your money Banks are businesses and employ people Banks will lend you money for free Banks charge you interest if you borrow money from them Banks will help you to save up Banks will lend money to anyone Banks will organise your holidays for you

Bank quiz You can post letters at the bank You have to be 18 to use a bank Using a bank account means you don’t have to carry cash all the time

Banking services What do we use banks for? What do they do? In your group: – Make a list of the different services and products they may offer – Write an explanation for each one – what is it/what does it do?

Services on offer can include … Bank accounts Overdrafts Savings accounts Credit cards Debit cards Foreign currency Loans Mortgages Pensions Investments ISA’s Insurance …..?

Making choices Lots of banks and lots of products and services = lots of choices ! Comparing banks and products before we make a decision is a wise thing to do In pairs discuss: – What would you want to know about a bank account BEFORE you opened it?

Tip Top Bank Read the advert for the Tip Top Bank What does it tell you about the account ? Compare this with the list you made earlier – does it answer all of your questions? What else, if anything would you want to know? Share your thoughts with the class

Better banking knowledge Use the headings below to create a mind map to show what you’ve learnt about banks and banking: – What is a bank – What do banks do – What I need to know before I open a bank account