Copyright © Texas Education Agency, 2012. All rights reserved. Banking Options Copyright © Texas Education Agency, 2012. All rights reserved.

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Do an online search for the term ‘banking options.’ Discovery Do an online search for the term ‘banking options.’ Copyright © Texas Education Agency, 2012. All rights reserved. Using either search engine, there should be a link that states ‘Student Banking Basics for Banking and Savings Accounts. Have students follow this link (also provided in above slide). It should be a generic, helpful website. Have them read through this information.

Copyright © Texas Education Agency, 2012. All rights reserved. Need to Know Terms Checking Account Savings Account Bank Loan Principal Interest Online Banking Online Bill Pay Copyright © Texas Education Agency, 2012. All rights reserved.

Introduction-Purpose of Assignment SWBAT (Student Will Be Able To) Research and find information on the following: Opening a student checking account Opening a savings account Applying for a bank loan Setting up online banking Setting up online bill pay After which they will identify advantages and disadvantages of different types of banking institutions and their services. Copyright © Texas Education Agency, 2012. All rights reserved. These are the lesson objectives.

Copyright © Texas Education Agency, 2012. All rights reserved. Guided Practice Let’s brainstorm the names of banking institutions we have... Banks Credit Unions Copyright © Texas Education Agency, 2012. All rights reserved. Have students say aloud different options and then type them space provided on this slide. Once you’ve brainstormed the names of these, research to see if you can find their website home and then start to look up information regarding the following: Opening a student checking account Opening a savings account Applying for a bank loan Setting up online banking Setting up online bill pay

Banking Options Worksheet Copyright © Texas Education Agency, 2012. All rights reserved. Independent Practice The time allowed for this will vary. It can take a long time to find all the information, and it depends on whether or not you allow students to work as individuals or as partners. You may want to use an online stopwatch for this? A good one is http://www.online-stopwatch.com/. Banking Options Worksheet Use the provided template to gather data on 5 different banking institutions.

What decisions (if any) have you made about bank loans? Summary What decisions (if any) have you made about checking and savings accounts? What decisions (if any) have you made about bank loans? Is online banking a good choice for you? Is online bill pay a good choice for you? Copyright © Texas Education Agency, 2012. All rights reserved. Ask these questions.