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

3. 3 Keep Your Money in the Bank Safety Convenience Cost Security Financial Future

4. 4 Types of Financial Institutions Banks Credit Unions Thrifts

5. 5 Deposit A deposit is money you add to your account using a deposit slip. Your Name Your Address Your Phone Number DEPOSIT TICKET DATE DEPOSITS MAY NOT BE AVAILABLE FOR IMMEDIATE WITHDRAWAL SIGN HERE IF CASH RECEIVED FROM DEPOSIT YOUR FINANCIAL INSTITUTION YOUR CITY, CA 92453 DO NOT USE FOR AUTOMATIC PAYMENT OR CHECK TRANSACTIONS :000000 : 12345 67890.: CURRENCY COIN CHECKSCHECKS OR TOTAL FROM REVERSE SUBTOTAL LESS CASH RECEIVED NET DEPOSIT

6. 6 Balance Balance is the amount of money you have in your bank account.

7. 7 Withdrawal Withdrawal is the process of taking money from your bank account using : Checks Withdrawal slips ATMs

8. 8 Fees A fee is when banks take money out of your account for: Services (monthly maintenance fee) Penalties (bouncing a check)

9. 9 Interest Interest is extra money in your account that the bank pays you for keeping your money at that bank.

10. 10 Deposit Accounts Checking Account An account that lets you write checks to pay bills or buy goods. Savings Account An account that always earns interest.

11. 11 An ATM is a machine you can use 24 hours a day to: Deposit Withdraw Transfer money ATM

12. 12 Debit Card A debit card is a plastic card that: Is used to pay for goods or services Has a MasterCard or Visa logo

13. 13 Direct Deposit Direct deposit is one way of getting your paycheck or benefit check electronically.

14. 14 Loans A loan is money you borrow from a bank with a written promise to pay it back later.

15. 15 Money Order A money order is similar to a check. It is used to: Pay bills Make purchases

16. 16 Telephone Banking Telephone banking allows you to: Check your account Transfer money Obtain account history Stop payment on check Obtain branch hours Report a lost, stolen or damaged card