1. 7.02 Evaluate ways that commercial banks can assist consumers with money management. Principles of Business 2006

2. Commercial Bank Services For Money Management  Accepting Deposits Safe way to save for the future Money earns interest Less temptation to spend money For Money Management  Accepting Deposits Safe way to save for the future Money earns interest Less temptation to spend money

3. Transferring Funds (EFT) Automatic payments Helps in budgeting Helps with bill paying Automatic transfer Systematic savings habit (Transfer to savings account) Savings transferred to checking when needed Automatic deposit Paychecks deposited into checking account ATM Commercial Bank Services

4. Debit card (or payment with ATM card) Purchases made without cash Home banking Inquiries Assistance with accounts Use computer in bill paying Debit card (or payment with ATM card) Purchases made without cash Home banking Inquiries Assistance with accounts Use computer in bill paying Commercial Bank Services

5. Lending Money Loans for major purchases (Home, automobile, college) Bank credit card Loans for major purchases (Home, automobile, college) Bank credit card

6. Storing Valuables Offer safe-deposit boxes Boxes are located in well-guarded vaults Used to store items and documents of value: Jewelry Bond/stock certificates Birth records Wills, and insurance policies Offer safe-deposit boxes Boxes are located in well-guarded vaults Used to store items and documents of value: Jewelry Bond/stock certificates Birth records Wills, and insurance policies

7. Providing Financial Advice Investment services Manage money more efficiently Advice on investments Investment services Manage money more efficiently Advice on investments

8. Trust Management Managing investments on behalf of the young and elderly