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

2. 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.

3. 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

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

5. 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.

6. 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.