Banking Vocabulary.

Slides:

Advertisements

Similar presentations

Bank Provided Services Consumer Economics Graduation Requirement Senior Seminar

Advertisements

Reconcile a Bank Statement

Money Management Key Terms.

Section 5.1: Selecting Financial Services and Institutions

Oklahoma’s Personal Financial Literacy Passport © Oklahoma State Department of Education. All rights reserved. 1 Teacher Presentation Series 4 Standard.

Checking Maintaining a checking account is a necessary skill to master before living independently.

Checking Account & Debit Card Simulation

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.

Bank On It Personal Finance Unit. Why Learn About Banking?

Personal Finance.  Four common Financial Institutions  Commercial banks  Savings and loan associations (S&Ls)  Credit Unions  Brokerage Firms.

Chapter 3, Section 2 Checking Accounts.

1. Explain the difference between “commodity” and “fiat” money. 2. Because the melt value of a pure copper penny is $.03, how are pennies now made?

{ How to Use An ATM A simple tutorial to teach how to use ATM Machines.

Understand how checking accounts work. Complete a check register. Slide 1 OBJECTIVES.

Checking Accounts & Other Banking Services Business Department Mrs. Pollison.

Financial Literacy Vocabulary Terms How is money used in society? How do I pay for goods and services? How do I keep track of my saving and spending? 1.

Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Banking Services and Fees 9.

Credit Unions: Leading the Way “Not for profit, not for charity, but for service”

Checking Accounts. Types of Checking Accounts Basic Free Interest-Bearing Joint Express Lifeline Senior/student Money market.

Checking Accounts and Other Banking Services

Intro to Banking and Credit Two basic types of accounts 1.Savings – savings accounts pay interest on the money in the account. This is because the bank.

How do you write a check? Mr. SmithDate ____________ Any street Any City, State Amount____________ Amount____________ Pay to the order of ____________________________________.

Checking Accounts Step 5 – Reconciling with Your Bank.

Building Bucks Basic Financial Services. Financial Institutions 3 Main Types – Banks – Credit Unions – Savings and Loan Associations (S&L) Advantages.

Bank Account Reconciliation. Reconciling The process of matching your checkbook register with the bank statement is known as reconciliation. The back.

Chapter 3, Section 3 ELECTRONIC BANKING.

Unit 5: Personal Finance Services of the Bank  Place to store your money safely – an Account.

Chapter 5 The Banking System. Slide 2 What Is the Purpose of a Checking Account? 5-1 Checking Accounts A checking account is a demand deposit account.

Money Management Key Terms. Money Management Paycheck Key Terms.

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

© Family Economics & Financial Education – May 2006 – Get Ready to Take Charge of Your Finances – Checking Account & Debit Card Simulation Funded by a.

FINANCIAL SERVICES AND INSTITUTIONS. Financial Services  Services offered by banks and other financial institutions 1. Savings and Investment 2. Payment.

Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Checking Accounts Checkbook Practice 9.

FINANCIAL SERVICES AND INSTITUTIONS. Financial Services  Services offered by banks and other financial institutions 1. Savings and Investment 2. Payment.

 A place you put money that you spend quickly  Not money intended for saving  Monthly statement sent to your house by the bank.

What does this mean to you?. FCS 7 TH GRADE Money Management.

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

CHAPTERS 9 & 10 WHERE TO STASH YOUR CASH. LEARNING TARGETS Students can… Explain how banks make a profit Identify types of checking accounts Fill out.

* Do you have a checking account or credit card that you pay for? Do you know how to manage a checking account or credit card? * Please put your responses.

Banking: Managing your money Chapter 4 Part 2. Saving Accounts May save money for a specific purpose or just build to reserve for a rainy day, you may.

Choosing and Balancing a Checking Account Personal Finance.

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

September 28, 2011 Objective: Students will identify the purpose of a checking account.

Savings Accounts.  Unexpected expenses  Opportunities  Major Purchases  Flexibility  Achieve Long Term Goals.

Financial Service Providers SELECT YOUR OWN FINANCIAL SERVICE PROVIDER 1©2012 National Endowment for Financial Education | Lesson 5-4: Financial Service.

CHECKBOOK PREPARATION for Enterprise City. Your checkbook has three parts: Register pages Checks Deposit Slips.

Considerations: Size of institution Location Years in business Rates of interest Availability for emergencies.

Checking and Banking

Chapter 5 Banking Financial Services and Institutions Section 5.1.

Fri. 4/15. Ch. 10 Money and Banking 10.3 Notes “Banking Today”

What are check OVERDRAFTS and how can this impact my account and other accounts? 1. Why should I maintain a check register? 3. How do I reconcile.

Personal Finance Section Opening and Managing a Checking Account.

Do Now Why do people have checking accounts?. Unit 4: Lesson 13: Checking Accounts Day 1 Objective: identify vocabulary terms related to checking accounts.

Prepared by Johnny Howard © 2015 South-Western, a part of Cengage Learning.

Prepared by Johnny Howard © 2015 South-Western, a part of Cengage Learning.

Chapter 5. Financial Services Borrowing Short Term Regular Savings Money Market Accounts Long Term Certificates of Deposit U.S. Savings Bonds Investment.

Unit 4: Savings & Checking Accounts. Plan for the Unit... So far ▪ Day 1: Vocabulary & Vocabulary Comp Check and Start Building the.

Do Now : Why does the bank issue a bank statement? Homework : Bank statement worksheet Aim : How can we analyze a bank statement?

Chapter 14. Banking  Do Now  What do you think banks will be like in 15 years?

Checking Accounts CheckCheck A written order to pay a stated amount to a person or business Checking accountChecking account  Also known as “demand deposit”

 Two types of banks – for profit bank and credit unions  Credit unions are local and member owned – not for profit – limited sometimes in services 

Mrs. Swope Family and Consumer Science

Introduction to Commercial Banks

Bank Account Reconciliation

MRS. RUIZ-EMMONS Business math fall 2017

Mrs. Swope Family and Consumer Science

Vocabulary for March 27-Mar. 31

Financial Institutions Electronic Banking Checking Accounts

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 Chapter 5.

Presentation transcript:

Banking Vocabulary

Bank I am going to the bank today.

branches Bank of America has many branches.

Bank Teller A bank teller works in a bank.

account Checking account Savings account I want to open a checking account.

Check Checkbook Check Register When I write a check I also write the amount in the check register.

Deposit I fill out a deposit slip. I deposit my paycheck.

Withdraw I fill out a withdrawal slip. I want to withdraw $20.

I have a question about my bank statement.

Debit card Please swipe your debit card now.

We charge a 35 cent fee for using your debit card. A fee We charge a 35 cent fee for using your debit card.

Automated Teller Machine I withdraw money from the ATM.

I can help you set up your online banking.

I want to talk to a banker about a home loan. Mortgage Car loan I want to talk to a banker about a home loan.