2.  More than ___% of teens have a savings account.  ___% of teens age 16-17 have a checking account. ___% of those ages 18-19 have one.  Likewise, ___% of teens 16-17 have a debit card. ___% of those ages 18-19 have one.  ___% of teens ages 16-19 have their own credit card.

3.  Bank  A For-profit company  Owned by investors in stock  Anyone can walk in and open an account  Credit Unions  Owned by their customers, called members  Membership Qualifications

4.  Savings Account / Share Account  Used for Medium to Long term goals  Collects Interest  Checking Account / Share Draft Account  Used for more frequent spending  Safer than cash  Convenient

5.  Checks  Write in Ink  Endorsements  Keep checks safe  Check statement often  Debit Card  ATM’s – be sure the check the fees  Can be used in stores like a check  P ersonal I dentification N umber ( PIN )

6. 1) Memorize and Protect your PIN 2) Sign the back of your card 3) Immediately record all transactions 4) Keep your receipts 5) Use your institutions ATM 6) Be aware of your surroundings at the ATM 7) Immediately report all lost or stolen cards

7.  Monthly Service Fees / Annual Fees  Withdrawal Fees  ATM Fees  Returned Check Fees  Insufficient Funds Fees / Overdraft Fees  Over-the-Limit Fees

8.  American Express, Visa, MasterCard, Discover  Things to be aware of :  Credit Limit  Interest Rate  Additional Fees  Be sure to :  Sign back of card  Record all purchases  Keep your receipts  Pay back as soon as possible to avoid interest charges  NEVER sign up for a credit card to receive a free gift!

9.  Online Banking  View your accounting records  Transfer money between accounts  Pay Bills through automatic payments  Electronic Funds Transfer (EFT)  Advantages of Online Banking :  Convenience  Personal Safety  Knowledge  Time Saving

10.  Identity theft occurs when someone uses your name, SSN, Credit Card #, or other personal information without your permission.  What can someone do with your personal information?  Open new account in your name  Writing bad checks  Forging your signature on legal documents  Use your name during a police arrest  Take out loans in your name

11. 1) Don’t Leave your wallet or bank statements lying around. 2) Sign the back of new card as soon as you receive them. 3) Save all of your receipts. 4) Never give your SSN or Credit Information to anyone. 5) Keep your PIN ’s a secret. 6) Review all of your monthly statements to check for unauthorized purchases or banking error. 7) Shred all unwanted, out-of-date banking files. 8) Install a Firewall on your computer. 9) Don’t fall for Phishing scams. 10) Only purchase from secure internet sites. Report any suspicion of Identity Theft immediately!