1. Chapter 10
Consumer Education

2. Comparing Financial Institutions section !0.1
How Banks Work
Types of financial institutions
Choosing a financial institution

3. How Banks Work Banks provide Checking accounts Safe deposit boxes
Saving accounts
Investment options
Financial planning services
loans

4. Types of financial institutions
Commercial banks
Mutual savings banks
Savings and loans
Credit unions
Internet banks

5. Choosing a financial institution
Deposit insurance
Services and convenient access
Rates and fees
Financial services modernization act of 1999
Eliminating restrictions among companies in securities, banking, and insurance industries

6. Banking Electronically section 10.2
Electronic banking methods
Consumer protection

7. Electronic banking methods
ATM transactions
pin
Point of sale transactions
Debit card
Online and offline
Automated services
Direct deposit, transfers between your accounts, and loan payments
Telephone banking
Online banking

8. Consumer protection Electronic fund transfer act of 1978
Report lost or stolen cards within 2 business days, you are only liable for $50
After that liable for $500 or more

9. Managing a checking account section 10.3
How checks work
Choosing a checking account
Using a checking acccount

10. How checks work Payee Canceled check Overdraft Advantages of checks
More secure than cash
Legal proof of payment

11. Choosing a checking account
Minimum balance
Fees
Transaction limits
Interest rates
Standard overdraft fees and protection

12. Using a checking account
Making deposits
Endorsing a check
Recording transactions
Writing a check
Receiving your bank statement
Reconciling your account

13. Using other payment methods section 10.4
Guaranteed checks
Money orders
Traveler’s checks
Money transfer services
Wire transfers
Prepaid cards
Online payments services