1. Chapter 5 The Banking System

2. What Banking Services Are Available to Consumers?
Safe deposit boxes
Overdraft protection
ATMs
Cashier’s checks
Financial advising
Loans
Internet banking
Bank cards
5-3 Banking Services and Fees
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3. What Are the Costs of Banking?
Monthly account fees
Nonsufficient fund fees
Special service fees
Examples: stop payment, cashier’s check, money order
ATM fees
Inactive account fees
5-3 Banking Services and Fees
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4. What Are Consumer Responsibilities?
Maintain your balance.
Avoid writing bad checks.
Monitor your account.
Reconcile your bank account.
Know your rights.
Be aware of consumer protection laws.
5-3 Banking Services and Fees
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5. Success Skills Negotiating
It is the process of reaching an agreement that benefits both parties.
Understand your position.
Understand the other party’s position.
Create a proposed solution.
Identify what is important and what you are willing to give up.
5-3 Banking Services and Fees
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