1. Bank On It

2. Introduction Instructor and student introductions Module overview
Bank On It

3. Student Introductions
Your name
Your expectations, questions, and concerns about banking.
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4. Purpose Bank On It : Is an overview of banking services.
Will help you build a positive relationship with banks, thrifts, and credit unions.
Bank On It

5. Objectives By the end of this module, you will be able to:
Identify the major types of insured financial institutions.
Identify five reasons to use a bank.
Describe the steps involved in opening and maintaining a bank account.
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6. Objectives (Continued)
Describe two types of deposit accounts.
Identify additional bank services that come with deposit accounts.
Describe the main functions of the bank customer service representative, teller, loan officer, and branch manager.
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7. Agenda and Ground Rules
60 – 90 minutes long
One 10-minute break
Training methods
Class participation
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8. Also called a financial institution.
Bank
A business that:
Offers you a safe place to keep your money.
Uses your deposits to make loans.
Provides a variety of services.
Also called a financial institution.
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9. Why Keep Money in a Bank? Safety Convenience Cost Security
Financial future
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10. Types of Financial Institutions
Banks
Credit unions
Thrifts
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11. Opening and Maintaining a Bank Account
Steps:
Open the account and go through account verification.
Make deposits and withdrawals.
Record interest and fees.
Keep track of your account balance.
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12. Now you can deposit your money!
Account Verification
The bank:
Reviews your credit and past banking history.
Checks your photo identification.
Determines if you can open an account.
Now you can deposit your money!
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13. Deposit
A deposit is money you add to your account using a deposit slip.
Your Name
Your Address
Your Phone Number
CURRENCY
COIN
DATE
DEPOSIT TICKET
DEPOSITS MAY NOT BE AVAILABLE FOR IMMEDIATE WITHDRAWAL
OR TOTAL FROM REVERSE
SIGN HERE IF CASH RECEIVED FROM DEPOSIT
SUBTOTAL
YOUR FINANCIAL INSTITUTION
YOUR CITY, CA 92453
LESS CASH RECEIVED
DO NOT USE FOR AUTOMATIC PAYMENT OR CHECK TRANSACTIONS
NET DEPOSIT
: : :
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14. Balance
The balance is the amount of money you have in your bank account.
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15. Withdrawal A withdrawal is money you take out of your account using:
Checks
Withdrawal slips
ATMs
Check/debit cards
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16. Fees Banks deduct fees from your account for:
Certain services (monthly maintenance fee).
Penalties (for bouncing a check).
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17. Interest
Interest is a percentage of your balance that the bank pays you for keeping your money at that bank.
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18. Practice Exercise Instructions: Read the scenario.
Answer the question.
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19. Deposit Accounts Accounts that let you add money to the account:
Checking accounts let you write checks to pay bills or buy goods.
Savings accounts always earn interest.
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20. Non-deposit Accounts These accounts are NOT FDIC-insured. Stocks Bonds
Mutual funds
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21. Additional Banking Services
Direct deposit
Money order
Online and telephone
banking
Automated Teller
Machine (ATM)
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22. Additional Banking Services (Continued)
Money transfer
Debit card
Stored value cards
Loan
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23. Privacy Notices
Notices that companies involved in financial transactions must send you. They explain:
What personal financial information is collected.
If they intend to share it.
How to limit the sharing.
How your personal financial information is protected.
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24. “Opting Out” You can opt out by:
Reading the privacy notice to find out how.
Calling OPTOUT ( ).
Visiting
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25. Important Bank Employees
Get to know these important bank employees:
Customer service representative
Teller
Loan officer
Branch manager
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