Lecturer: Miljen Matijašević G10, room 6/I, Wed 11:00-12:00 Session 3.

Slides:

Advertisements

Similar presentations

Section 5.1: Selecting Financial Services and Institutions

Advertisements

Lecturer: Miljen Matijašević G10, room 6/I, Tue 11:30-12:30 Session 2, 18 Mar 2014.

English for Tax Administration 2

Lecturer: Miljen Matijašević G10, room 6/I, Tue 11:30-12:30 Session 4, 1 Apr 2014.

 CONVENIENT  HELPS YOU KEEP TRACK OF MONEY: USING THE CHECK REGISTER OR ONLINE BANKING  SAVES YOU MONEY – EXPENSES ARE LESS THAN MONEY ORDERS.

Why It’s Important Paying with checks is the most common and safest medium of exchange.

Part 2: Accounts Dollars & Sense. Accounts Offered by Banks & Credit Unions Savings Certificates of Deposits (CD’s) Money Market Checking.

HOW TO FINANCE YOUR LIFE Financial Literacy. Savings Accounts Saving – The process of setting money aside for a future date instead of spending it today.

Lecturer: Miljen Matijašević G10, room 6/I Session 2.

Managing Money. “CHECKing” Your Money What is the most common tool to manage money? –checking account –Why? Advantages –don’t have to carry large amounts.

 Two types of banks – for profit bank and credit unions  Credit unions are local and member owned – not for profit – limited sometimes in services 

Banking © 2016 albert-learning.com Banking. © 2016 albert-learning.com Vocabulary  Mortgage: A mortgage is a security interest in real property held.

Unit 4: Banking Consumer Education Chapter 7. How Banks Work  Banks are a business; they work to earn a profit  Most profit comes from interest charged.

{ You need your notes out. Answer the following questions as best you can in your notes based on what you already know. 1. What is the difference between.

DWU #4 Why is it important to understand the loan process? How might consumers get taken advantage of? What are some key concepts that an individual might.

Checking Accounts Open, Manage, and Reconcile. 1. What is a checking account?  A checking account is opened at a bank or other financial institution.

Final Exam Review Unit 4: Personal Finance. 1. What are debit cards used to do? withdrawing money from a checking account from an ATM making an automatic.

Staff Muscling up Smarten up your credit card by using these THREE rules.

Electronic Banking Trivia.

Using Credit Responsibility

Understanding Credit & Credit Scores

Understand different types of Bank Accounts

TERMINOLOGY & WHY WE BANK

There are many different ways of making and receiving payments.

Bookkeeping Transactions Lesson 1

A checking account is an account held at a bank or credit union into which account owners deposit funds.

What Services Do Banks Provide?

4.4A Credit Cards.

Oklahoma’s Personal Financial Literacy Passport

Starter - Complete the Section: Debit cards and Credit Card

4.5A Credit card statements

Personal Finance (part II)

Cash or Liquid Asset Management

Bank Accounts Learning Objective: To explore how to open a bank account. I can define key terms relating to money and banking. I can decide which type.

Unit 3 Personal & Business Finance

Introduction to Commercial Banks

Credit, Debit, and ATM Cards

Money and Banking Checking Accounts.

GRADE 11 REVIEW QUIZ What do you remember??.

Financial Institutions and Markets

Open, Manage, and Reconcile

Money Matters Key Stage 3 Banks and banking.

How to Do your Banking Chapter 5.

Choose Your Feud! Team 1: Rounds Won Team 2: Rounds Won Round 1

Why have a (regular) checking account?

Consumer Education Chapter 7

Payment Methods and Bank Reconciliation

Avoiding the Credit Trap

Information on Types of Electronic Banking

Chapter 6- Source Documents

Financial Concepts &Terminology

Choose Your Feud! Team 1: Rounds Won Team 2: Rounds Won Round 1

LESSON TWO: PERSONAL SPENDING

17-2 Financial Services and Electronic Banking

Basic Banking Services

Longwood University 201 High Street Farmville, VA 23901

17 Banking and Financial Services

Basic Banking Services

Safe Online Banking and Bill Paying

Electronic Banking Trivia.

TYPES OF BANK ACCOUNTS.

Choose Your Feud! Team 1: Rounds Won Team 2: Rounds Won Round 1

Freedom Independence Transition

SECTION 7-1 Account Statements pp

Using tools to manage money

TERMINOLOGY & WHY WE BANK

Financial Institutions and Markets

Debit vs. Credit.

Lesson 4.2 Banking Services and Fees

Presentation transcript:

Lecturer: Miljen Matijašević G10, room 6/I, Wed 11:00-12:00 Session 3

1. Revision of the last session 2. Online Banking (HOBS)

Money and Personal Finance

1. What does it mean to lend, owe and raise money? 2. Chase the intruder: credit, debit, deposit, pay into. 3. Do the following mean the same: your account is overdrawn / your account is in the black? 4. Make sentences with the words: credit, draw, bank statement, pay into, withdrawal, balance

5. What is an ATM and what is it used for? 6. What is a bank statement? What does it show? 7. What means of payment do you know? 8. Illustrate four different ways to use the verb TO PAY with an object ( with/without prepositions ).

HOBS

In general terms... ◦ What is HOBS? ◦ What services does it offer? ◦ Who can use it?

Read lines 1 to 14 and answer the following questions: 1.What does HOBS enable you to do? 2.Translate the paragraph. Read lines 15 to 34 and answer the following questions: 1.How much does a HOBS unit cost? 2.Can it be obtained free of charge? How? 3.How is HOBS accessed?

Read lines 35 to 46 and answer the following questions: 1.What are the advantages of making payments through HOBS? 2.What is the purpose of the HOBS memory? 3.How does that work to the user’s advantage? 4.Translate the paragraph. Read lines 47 to 62 and answer the following questions: 1.Who is HOBS Investment Account intended for? 2.How long does money have to be deposited in the Investment Account in order to collect interest? 3.Are payment instructions carried out immediately? 4.Translate the paragraph

Read lines 63 to the end and answer the following questions: 1.Is HOBS available 24 hours a day? 2.Why is the HOBS service better than regular banking services? 3.What other benefits of being a Bank of Scotland customer are mentioned in the last section?

Are the following statements true or false? Mark with T, F of DN (‘don’t know’). 1.HOBS can be used by both business people and private individuals. 2.You can only use HOBS if you have a PC. 3.If you use HOBS you will be given an identity number and a password. 4.£500 is the minimum required to open a HOBS account. 5.You can make ten monthly payments to cover the cost of buying HOBS. 6.Making a payment with HOBS is more expensive than paying by cheque. 7.HOBS can be programmed to pay your bills automatically. 8.There is more than one type of HOBS account. 9.HOBS can be accessed 24 hours a day. 10.You can arrange for The Bank of Scotland to give you a personal demonstration of how HOBS works.

Thank you for your attention!