3. ATM Card & PIN: Enables you to use anytime or day, PIN allows you to make authorized transactions to your account. ATM deposits: May submit currency or endorsed checks. Put in an envelope with your account info. ATM will offer receipt. ATM Withdrawals: Done in multiples of $20 (no coins). Limit typically $500/day. ATM Costs: Fees for use of ATMs not related to your bank up to $4 per transaction. Using ATMs responsibly: Keep your PIN number private. Don’t write it on card.

4. A requirement of many employers, this puts your check directly into your bank account. While you still receive a paper paystub, it is often and safe and efficient means of being paid. Additionally, the IRS uses this method to submit refunds!

5.  Pulls money directly from your checking account.  Immediately subtracts the amount of your purchase from the funds in your account.  Advantages? It’s harder to overdraw your account, and it’s safer than carrying around paper checks.  Beware! Some banks charge a fee for use of your debit card (your bank can tell you).

6. Pay by phone: Not used as often now, but can make a payment by setting up through the company, dialing a number each month, and receiving a transaction number. Automatic Withdrawals:  Much more popular. After a one-time setup, company can automatically pull payment from your checking account each month.  Advantages? Payments are always submitted on time, avoiding a late fee or damage to your credit.  Disadvantage? Account can become overdrawn if you don’t keep accurate records of transactions.

7. Usually free, it is another way to conduct business conveniently. You can complete most of the same types of transactions as with a bank teller or ATM, but in the convenience of your office or home.

8. Electronic Fund Transfer Act (EFTA) requires: banks inform you of associated fees Consumers to notify of lost ATM cards within 2 business days