© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 1 Chapter 7 LESSON 7.3 Electronic Banking Objectives: By the end of class, students will.

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© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 1 Chapter 7 LESSON 7.3 Electronic Banking Objectives: By the end of class, students will be able to:  Describe electronic transactions you can make  Discuss your rights and responsibilities in electronic transactions

© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 2 Chapter 7 Automated Teller Machines (ATMs)  Your ATM card and PIN  ATM transactions  ATM deposit  ATM withdrawal  ATM costs  Use ATMs responsibly

© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 3 Chapter 7 Uses of Electronic Funds  Direct deposit  Debit cards  Automatic bill payments  Online banking

© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 4 Chapter 7 Consumer Protection and Responsibilities  Electronic Fund Transfer Act (EFTA)  Bank responsibilities  Consumer responsibilities

© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Student Practice/Application  1. Read pages in your Economics textbook.  2. Complete Try these questions 1-8.  3. Complete Think Critically Question # 11  4. Complete Exit Ticket Question Slide 5 Chapter 7

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