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Banking Options
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3. Do an online search for the term ‘banking options.’
Discovery
Do an online search for the term ‘banking options.’
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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.

4. 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
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5. 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.
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These are the lesson objectives.

6. Copyright © Texas Education Agency, 2012. All rights reserved.
Guided Practice
Let’s brainstorm the names of banking institutions we have...
Banks
Credit Unions
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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

7. Banking Options Worksheet
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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
Banking Options Worksheet
Use the provided template to gather data on 5 different banking institutions.

8. 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?
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Ask these questions.