  If a checkbook, ATM, and/or debit card becomes lost or stolen  Immediately report it to the financial institution  File a report with the police.

Slides:

Advertisements

Similar presentations

TYPES OF BANK ACCOUNTS.

Advertisements

KaChing!, Lesson 3: Cash the Check and Track the Dough

Display slides 2 and 3 with Procedure step 2 in the lesson.

1.7.2.G2 Electronic Banking Trivia G2 © Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic.

ICT at Work Banking and Finance.

Paychecks and Tax Forms. Where Does My Money Go? Almost 31% of an individual’s paycheck is deducted  Taxes are the largest expense most individuals will.

Debit cards Shumate – 5th Period.

 Chase Banking Maci Lemons. Getting Started  All you need to get started is a bank account with Chase  You can download the app on your smartphone.

Checking Account & Debit Card Simulation Understanding Checking Accounts and Debit Card Transactions.

Warm-up: April 11 What’s the difference between a checking and savings account?

Checking Account & Debit Card Simulation Understanding Checking Accounts and Debit Card Transactions.

Checking Accounts Checking Accounts.

Banking Addressing Standard 2.0

Chapter 4 Money Management Managing Checking and Savings Accounts –Checking and savings accounts are the foundation of financial asset management –Cash.

Checking Account & Debit Card Simulation Understanding Checking Accounts and Debit Card Transactions.

E-Banking is the use of electronic means to conduct banking business, such as telephone, Internet, cell phone, or other device by way of secure internet.

Checking Accounts 5 th Period - Shumate. What Is A Checking Account?  A Checking Account is a transactional deposit account held at a financial institution.

(Usually have to be 18 years old to open & get ATM or debit card)

3. 18 Methods of making and receiving payments Methods of making and receiving payments Banks and bank accounts  All businesses have bank accounts.

Economics Paycheck.

Checking Account Understanding Checking Accounts.

 More than ___% of teens have a savings account.  ___% of teens age have a checking account. ___% of those ages have one.  Likewise, ___%

© Family Economics & Financial Education – May 2006 – Get Ready to Take Charge of Your Finances – Checking Account & Debit Card Simulation – Slide 1 Funded.

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

Chapter 7 Banking Services. How Banks Work 7.1 The Role of Banks Types of Money.

Checking Account & Debit Card Simulation Understanding Checking Accounts and Debit Card Transactions.

Banking. © Take Charge Today – May 2006 – Checking Account & Debit Card Simulation – Slide 2 Funded by a grant from Take Charge America, Inc. to the Norton.

Identity Theft  IDENTITY THEFT occurs when someone wrongfully acquires and uses a consumer’s personal identification, credit, or account information.

Checking Account Simulation Understanding Checking Accounts.

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

Indiana Department of Financial Institutions BANK ON IT Money Smart Course.

7.2.G2 Electronic Banking Trivia. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking.

© Family Economics & Financial Education – May 2006 – Get Ready to Take Charge of Your Finances – Checking Account & Debit Card Simulation – Slide 1 Funded.

Checking Account Simulation Understanding Checking Accounts.

2 You Will Know Major types of insured financial institutions Basic banking terms Differences between banks and check-cashing services Bank employees.

Checking Accounts/Banking Services Checking Accounts Used for regular spending money and to pay bills Write checks or use debit card to spend from.

Credit In your opinion, do consumers spend more per month on average when they use a credit card or cash?

September 28, 2011 Objective: Students will identify the purpose of a checking account.

Objectives  Explain the various electronic banking methods.  Identify characteristics of checking accounts.  Compare checking accounts at various financial.

Introduction to Bank Accounts. Questions? Why do some people choose not have a bank account? What are some advantages to having a bank account? What is.

Checking Account & Debit Card Understanding Checking Accounts and Debit Card Transactions.

What is a Checking Account?  A payment account  Allows easy access to cash via checks, debit card, or online bill pay  Should only hold money that.

Checking & Savings Accounts Economics What is a Checking Account?  Common financial service used by many consumers (a place to keep money)  Funds.

Checking Account & Debit Card Simulation Understanding Checking Accounts and Debit Card Transactions.

Step 2 – Register a Card To register a UR Card, you can send an to or fill out the registration form at one of our awesome

Checking account – An account held at a bank, credit union, or other financial institution in which account owners deposit funds. Account owners have the.

What are check OVERDRAFTS and how can this impact my account and other accounts? 1. Why should I maintain a check register? 3. How do I reconcile.

Checking account - an account held at a bank, credit union or other financial institution in which account owners deposit funds. Account owners have the.

Electronic Banking 7.3. EFT  Electronic Funds Transfer Banks ability to move money from one account to another by computer  Advantages to Banks (Cost.

© Family Economics & Financial Education – Revised October 2004 – Financial Institutions Unit – Checking Account Simulation Funded by a grant from Take.

Unit 9 Finance and Banking. Electronic Banking What is E-Banking Electronic banking or e- banking gives people electronic access to bank accounts and.

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.

DEBIT CARDS. What is a Debit Card? almost instantaneously  When a consumer makes a purchase with a debit card, the funds are electronically transferred.

ELECTRONIC PAYMENT SYSTEM

Checking Account Simulation

Checking Account & Debit Card Simulation

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

Checking Account & Debit Card Simulation

Depository Institution Essentials

Chapter 10 Consumer Education.

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

Depository Institution Essentials

What Can You Do With Money

Depository Institution Essentials

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

ENDORSING, DEPOSITING & RECONCILING

Lesson #1 - How to write a check

Checking Accounts, Debit Cards & Check Writing

Chapter 5 The Banking System

Presentation transcript:

  If a checkbook, ATM, and/or debit card becomes lost or stolen  Immediately report it to the financial institution  File a report with the police  Reported lost/stolen checkbook:  Financial institutions generally do not hold the account holder liable for any fraudulent charges Checking Account Safety

  Within 2 business days  Cardholder is only liable for $50.00  Longer than 2 business days  Could be liable for up to $  Varies depending upon the financial institution  May not charge the account holder anything if the correct steps were taken to report the lost/stolen card Report lost/stolen ATM/debit card:

  Ability to maintain your bank account by accessing the account online  Anyone with an account at a bank is eligible  There are no fees associated What is online banking?

  Access world wide from any computer  Transfer money  Payment of bills  Check Balance  Simple and Easy to use Advantages

  Cannot make deposits  Bank security could be “hacked” into  Reimbursed if you do lose money  No internet service means no access to your account  Initial setup can take longer Disadvantages