1. ATM and Debit Cards Their similarities, differences, what’s good and bad.

2. UEQ and LEQ UEQ: How can JA Finance Park teach you to use financial institutions to your benefit? LEQ: How does using a debit card differ from using a ATM card?

3. Vocabulary ATM Card Credit Card Credit Debit Debit Card “Buy Now, Pay Now”

4. Class: Think/Pair/Share Today many Americans use two kinds of cards, ATM Cards and Debit Cards. Think about both cards and what you think they are and what their purpose is. – Come up with a definition for both cards. – Where can both be used? (Specifics) – Think of some risks for each card.

5. Debit Cards Pre-Quiz Know anything about debit cards? Complete page 6 in your textbook.

6. Corrections Read over page 7 to find the correct answers, underline where the correct answer is for each. TrueFalse 1)X 2)X 3) X 4)X 5)X 6)X 7) X 8) X 9) X

7. The ATM: What is It???

8. ATM Definition ATM (Automated Teller Machine) – Money transactions in places other than banks – Requires ATM Card and Pin Number – Access to personal bank accounts – Used less, many not accepted in businesses

9. ATM Card Only used in ATM machine No credit card logo Purchase must be made in person

10. The Debit Card: What is It??? Why Have Them? ATMS in Other Countries

11. The Debit Card Quickly replacing checks Can be used in most locations and ATM machines Easy to use and track records, subtract amount used from personal account(s)

12. What is the Message? Are they dangerous? What problems are created by having and using both cards? ATM Nightmare

13. The Check: What is it??? Way of paying a bill (main way) Must be filled out properly to be accepted.

14. Your Records Check Register – Given to you by a financial institution to keep track of all purchases, bills, and deposits. Keeping Your Books Balanced

15. Number DateTransaction DescriptionPayment/DebitDeposit/Credit$ Balance 634.51 20-Marpaycheck deposit931.721566.23 1320 21-Marwater company65.391500.84 1321 21-Marpower company46.51454.34 1322 22-MarCentral Bank737.52 26-MarCorner Market22.52395.77 30-Mardividend check56.23452 30-MarVOID check #1322737.521189.52 1323 30-MarCentral Bank773.52416.27 31-Marwithdrawal20396.27 3-AprPacific Hardware18.99377.28 1324 6-AprState Ranch246.45130.83

16. Summarize Points What are some reasons why people use ATM Cards and Debit Cards? What can be the dangers of having and using both cards? What is the purpose of keeping a check register and actually using it?