1. 1 Activities ACTIVITY 1: Why Do You Need a Bank? ACTIVITY 2:The Many Services of a Bank ACTIVITY 3: The ABCs of a Checking Account ACTIVITY 4: Opening a Checking Account ACTIVITY 5: How to Write a Check ACTIVITY 6: Maintaining a Healthy Checking Account ACTIVITY 7: The ABCs of a Savings Account

2. 2 BBS - Activity 1 ACTIVITY 1 Why Do You Need a Bank? Overview Purposes of Banks Types of Financial Institutions Safety of Financial Institutions Privacy of Financial Institutions

3. 3 FDIC FEDERAL DEPOSIT INSURANCE CORPORATION Established in 1933. Federal agency. Protects depositors against certain losses up to $100,000 per depositor. Slide 1 - FDIC

4. 4 SAFETY OF FINANCIAL INSTITUTIONS COMMERCIAL BANKS CREDIT UNIONS Slide 2 - FDIC/NCUA

5. 5 BBS - Activity 2 ACTIVITY 2 The Many Services of a Bank Overview Identify financial services provided by a bank. Decide on services of personal benefit. Recognize the impact of state and federal regulations upon the security of a bank.

6. 6 ELECTRONIC BANK SERVICES Types of Services Bank Cards Automated Services Regulation of Electronic Services Slide 1 - Electronic Bank Service

7. 7 BANK CARD TYPES Slide 2 - Bank Card Types TYPE Check Cards or Debit Cards Stored Value Cards DESCRIPTION Bank cards that allow for the payment of goods and services to be subtracted directly from a bank account. Can be used with merchants that take major credit cards—known as point of sale (POS) transactions. Bank cards with preset, limited value. Used to pay for goods and services. Alternative to cash.

8. 8 REGULATION OF ELECTRONIC BANKING SERVICES Electronic Fund Transfer Act (1978) Protects consumers using any type of electronic banking from loss and protects their privacy. Banks must: Offer consumers a record or receipt for all computer transactions. Investigate errors and report to consumer within ten days of error notification. Customers must be responsible to report any errors. Slide 3 - Regulation of Electronic Banking

9. 9 BBS - Activity 3 ACTIVITY 3 The ABCs of a Checking Account Overview Purposes of a Checking Account Shopping for a Checking Account

10. 10 1.Location of the bank 2.Location of ATMs 3.Banking hours 4.Fees associated with the checking account: How many? How much? When? Some account fees may include: a) Non-primary bank ATM transactions b) In-branch transaction fees c) Per-check fees 5.Available overdraft protection 6.Cost of checks 7.Minimum balance required 8.Minimum transactions or limits 9.If they have interest-bearing accounts 10.Check color and design 11.Other? Slide 1 - Shopping Around SHOPPING AROUND (THINGS TO ASK ABOUT WHEN OPENING A CHECKING ACCOUNT) AREAS OF INTEREST

11. 11 BBS - Activity 4 ACTIVITY 4 Opening a Checking Account Overview Checking Account Application Process The Application Acceptable Forms of ID The Signature Authorization Card Deposit Options

12. 12 Slide 1 - Commonly Accepted Forms of ID Primary ID* Photo Driver’s License issued within the U.S. or Canada State Non-Driver Photo ID Photo Learner’s Permit Government Photo ID U.S. Passport Non-U.S. Passport Resident Registration Card Mexican Consular ID (Matricula Consular) *Financial institutions' ID requirements may differ; check with the institution first before applying for an account. COMMONLY ACCEPTED FORMS OF ID Naturalization Certificate Employee Photo ID (from a recognizable employer) Photo Trade License (barber, plumber, electrician, etc.) Student Photo ID (college/trade school) Medicare Card (must be 65 or older)

13. 13 Slide 2 - Commonly Accepted Forms of ID Secondary ID* Pay Stub Car Registration Mortgage Statement Letter of Introduction from Bank, Embassy, or well-known Employer Welfare Card Supplemental Health Insurance Card *Financial institutions' ID requirements may differ; check with the institution first before applying for an account. COMMONLY ACCEPTED FORMS OF ID Foreign Driver’s License State/Local Gun Permit Utility Bill (Name and address of individual account should be listed) Current Bank Statement National Credit Card Bank-issued Debit or Check Card

14. 14 BBS - Activity 5 ACTIVITY 5 How to Write a Check

15. 15 Slide 1 - Writing a Check WRITING A CHECK

16. 16 BBS - Activity 6 ACTIVITY 6 Maintaining a Healthy Checking Account Overview Keeping a Check Register/Ledger Making a Deposit Check Endorsement Process Deposit Slip Procedure Reconciling a Bank Statement

17. 17 KEEPING A CHECK REGISTER (Practice) Slide 1 - Keeping a Check Register

18. 18 Slide 2 - Making a Deposit - Endorsing a Check MAKING A DEPOSIT - ENDORSING A CHECK Restrictive Endorsement (most secure) Blank Endorsement (least secure) Endorsement to a third party Directions Endorse each of the checks shown based on the description.

19. 19 Slide 3 - Making a Deposit - Completing a Deposit Slip MAKING A DEPOSIT - COMPLETING A DEPOSIT SLIP

20. 20 Slide 4 - Reconciling a Bank Statement RECONCILING A BANK STATEMENT

21. 21 BBS - Activity 7 ACTIVITY 7 The ABCs of a Savings Account Overview Purpose of a Savings Account Shopping for a Savings Account Savings Account Application Monthly Bank Statement Checkup

22. 22 REASONS TO SAVE Emergencies Future Purchases Future Investments Slide 1 -Reasons to Save

23. 23 SHOPPINGS FOR A SAVINGS ACCOUNT Factors to consider: Safety Risk Liquidity Minimum Account Balance Requirements Fees and Service Charges Interest Rate Returns (Earnings) Automatic Transfer Direct Deposit Slide 2 - Shopping for a Savings Account