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Slide Notes

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Banking

Published on Nov 18, 2015

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PRESENTATION OUTLINE

BANKING SERVICES

  • Checking account
  • Loans
  • Investments
  • Credit cards
Photo by saturnism

ADVANTAGES OF BANKING

  • Interest is accumulated
  • Building credit
  • FDIC insured
Photo by c_ambler

WHAT IS NEEDED TO OPEN A CHECKING ACCOUNT?

  • An I.D.
  • Date of birth
  • Social security number
  • And a deposit
Photo by comedy_nose

COMMON BANK FEES

  • Overdraft fees
  • Late fees
  • Maintenance fees
  • Default notice

EFT

  • Electronic Fund Transfer
  • Credit card
  • Debit card
  • Wiring funds
Photo by Cola21

ONLINE BANKING

  • It's protected
  • Safer than walking in a bank
  • No possibility of getting robbed
Photo by Joybot

SAVINGS/INVESTMENTS

  • Stock exchanges
  • Checking accounts
  • Savings accounts
Photo by Alan Cleaver

COMPOUND INTERESTS

  • interest calculated on both the principal and the accrued interest
Photo by 401(K) 2013

Untitled Slide

  • Commitment
  • A job
  • A bank account