Banking in the United States of America presented by:

1. Banking in theUnited States of America presented by:

2. Banking Overview U.S. Banking System • Banking is regulated by Federal and State governments. The Federal Reserve system is the central banking system of the U.S. • The Federal Reserve ensures the safety and soundness of the nations banking system, maintains the stability of the financial system and protects the credit rights of consumers. • FDIC Insurance: The Federal Deposit Insurance Corporation (FDIC) insures depositors accounts at insured commercial banks and savings associations – up to $250,000, through December 31, 2013. On Jan. 1, 2014, the standard insurance amount will return to $100,000, per depositor. • PNC is a member of the Federal Deposit Insurance Corporation. 1

3. Why do I need a bank account? Benefits: • Transaction Account and Money Management • Allows you to easily pay for shopping items and living expenses, such as: • Food, restaurants, shopping, books, supplies • Any other purchases • Rent/housing expenses • Safety: Keeps your money safe • Financial Management: Assists you to manage your finances • Required to apply for credit • Basic Types of Accounts: • Checking – transactional account for every day use • Savings – reserved funds 2

4. Account Opening/Application Process Account selection and the application process: • While meeting with a bank representative you will be asked some questions to a make sure we understand all of your banking needs. The banking representative will then make recommendations as to which account(s) you should open. • When you are prepared to open an account(s), you will be required to provide personal information which includes: • Name, local US address (if available), Home country address, local phone numbers and email address • Two valid forms of Personal Identification (ID), (two primary or one primary and one secondary explained on next page)

5. What Identification is needed to open/apply for an account? • International students must have at least one of the following primary IDs: • Passport: Must present original. Bank representative will create a copy for bank reference. (or if applying online or over the phone, you will be required to send a copy with account opening forms) • Employment Authorization Card: is accepted if you have a (U.S.) social security number and is limited to the following forms: I-688A; I-688B; I-766 • Non-US Drivers License from the following countries: • Canada, China, Guam, India, Japan, Mexico, Puerto Rico, South Korea, Taiwan, United Kingdom, and US Virgin Islands • Resident Alien ID Card or Permanent Resident Card • Mexican Matricula Consular • Note: All primary ID types require the following information: • Photo • Issuing Country • ID Number • Issue Date and Expiration Date 4

6. Identification (ID) needed- continued • An ID from the “secondary” list is also required. • Secondary Ids include: • Drivers license with photo • State issued ID with photo • Student Photo ID Card • Employee ID Card • US Military ID Card • Employment Verification – pay stub • Address Verification – lease agreement or utility bill in your name • Vehicle registration • Photo University ID 5

7. What is needed to open an Account – continued • Social Security numbers are identification numbers that are used in the U.S. for identifying those who are required to pay taxes. • You do not need to have a social security number to open any deposit accounts • You will need to have a social security number if you choose to apply for any type of loan • Permanent U.S. Address should be provided if available. • It is preferred that you provide your local U.S. address so that documents and Check (debit) Card may be sent to your local address • However, we understand that you have just moved here and may be looking for a permanent place to live. Please stop in to the branch or go online to update your address as soon as you have it. • If you do not provide a local address: Documentation and your Check Card, will be sent to the college branch for you to pick up. • We will not order checks until there is a permanent address provided. • Note: You will want to keep the bank informed of any address, phone and email changes so that we can communicate to you when needed. The University will not provide the Bank with your personal information. 6

8. Account Opening / Application Process: Step by Step • Step 1: Meet with PNC Representative and discuss your banking needs • Step 2: Present proper ID to the PNC Representative • Step 3: PNC Bank Representative will complete the account application with you • Step 4: We will provide you with your account number(s) • Step 5: You will sign a signature card to keep on file for PNC’s official banking records • Non-US Citizens will also sign a W-8 for Tax Withholding Purposes and a photocopy of your passport will be kept on file • Step 6: Make your opening deposit • Step 7: You are done!! • Within 5-7 Business days, you will receive your PNC Bank Visa Check card via the U.S. mail • If you have decided to order checks during your application process, they will also be sent to you via the US mail within 7-10 business days 7

9. Joint Accounts • A joint account is when two people (names), one primary and one secondary, are listed on the account for ownership of the account. • You may choose to have a second person on the account. • The joint account holder must be present with you at the time of account opening, or you will need to bring them into the bank at a later time to add them to your account. • The joint account holder will need to present the same types of identification (as explained earlier). • The joint account holder will also be eligible for their own Visa Check Card (debit card) • The joint account holder will also need to sign a signature card for PNC to keep on file 8

10. Is a Savings or Money Market Account needed? • A Savings Account or Money Market account can help students manage their money. • Features & Benefits: • Money can be transferred into checking for day-to-day business as needed – keep in mind, these accounts to have federal regulations to how many withdrawals and transfers can be made on a monthly basis • They can be accessed via an ATM or through Online Banking • Accounts may earn interest • Can be linked for overdraft protection to your checking accounts 9

11. Products & Services Accounts, products and services of interest

12. Services to manage your account: banking – while you’re on the go! • Visa Check Card: also referred to as a debit card. Use instead of cash when making purchases. Funds come from your checking account. A check Card is also used at an ATM to withdrawal or deposit funds. • ATMs (Automated Teller Machines): Computer-like terminals that allow automated transactions to and from your checking, savings, or money market accounts • Withdrawal cash and at some machines , make deposits – Available 24 hours per day! • Many PNC ATMS provide the option to view information in many languages other than English. • You can print mini statements and print view recent transactions at many ATMs. • Online Banking, Mobile Banking, • To view transaction details and balance information anytime via your computer and cell phone (with web browser). There is even an Iphone application. • Bill Payment: • Easily pay your bills online rather than write and mail paper checks.

13. Banking Services • Automatic Alerts (Auto Alerts): Notifications you create on line to assist you to manage your account. Examples: • Balance alerts – notify you when your account goes below an amount predetermined by you, the account holder • Overdraft of you account • Notification via cell phone or email, about your checking account activity • Overdraft protection: Protect your self from accidentally over drawing your account with overdraft protection. Overdraft protection can be set up for your checking account using a savings account.

14. PNC’s Virtual Wallet – Exclusively for Students • Only available at PNC Bank, the PNC Virtual Wallet Student is an innovative bank product designed to help students to build strong money management skills. – • 3 “wallets” in one to better manage your money– one for spending, one for saving and one for reserve) • Easily see where you money is going • Calendar lets you easily see what funds will be going out and when • Overdraft protection is “built in” • 1 incoming international or domestic wire (no fee) each month • Email alerts to notify you and (if you prefer) your parents if your balance is running low. • Option for use of any ATM in the world free (requires a $2000 or more balance) • Go to www.pncvirtualwallet.com– click on virtual wallet student 13

15. Money From Home - Options There are several ways that money can be transferred from home • If person sending is a joint account holder with you on your PNC Accounts, and they are within the U.S., they can transfer through PNC’s online banking completely free from any outside financial institution • Deposit into a PNC ATM or an ATM affiliated on the STAR network • Send you a check or money order for you to deposit locally at an ATM or branch • Each month, one Free, incoming wire with a PNC Virtual Wallet account. If someone is wiring you money from outside of the U.S. the bank they are sending you money from will need the following information: • PNC Routing number (first set of digits located on the bottom of your personal check) • Your 10 digit account number (second set of digits located at the bottom of your check) • Your Name as it appears on your account • PNC Bank’s Swift code (International only) – PNCCUS33 • PNC Branch Office address

16. Financial Education • Credit – The importance of creating a good credit history • Protecting yourself from Identity Theft 15

17. What is Credit? • Lenders, such as Banks, loan money • You may borrow for a time period (loan) or be able to carry a balance ongoing (credit card). Banks make money by charging interest on the money you borrow. • Generally speaking, the longer it takes you to pay back the loan, the more interest you will pay • A Social Security Number is required to apply for a loan or credit card • Starting to build credit for the first time may require having a co-signer or providing a “security deposit” for a Secured credit card • Interest charged on the loan is determined by several factors • Amount of the loan. Length or term of the loan • Your credit history – biggest factor (and you are responsible for keeping a good credit history, primarily by paying bills on time.) • Bad credit – not paying bills on time or at all • Lenders not willing to lend you money and if they do, you will be charged a much higher rate of interest than someone with good credit • Good credit • Good risk, lender can offer a lower rate 16

18. How to Build a Good Credit History • Complete all credit applications carefully, using the same name each time. For example, if you use a middle initial, be sure to include it on all your applications. (Provide your name as it appears on your Identification) • Important! Make your payments on time and always pay at least the minimum amount required, or better yet, if possible, the entire balance. This will save you money. • Other tips: • When you move, be sure your bank and creditors are the first to know your new address • Alert creditors immediately if you are having trouble paying bills promptly • Even if you do not have a SSN, it is still important to pay your debts on time as this data is still tracked and will be published/reported. You cannot avoid paying your debts. 17

19. Credit Card Fraud Protection Tips • If approved for a credit card, sign the back of your card as soon as it arrives • Do not lend your credit card or leave it unattended • Do not write your credit card number on a post card • Immediately report a lost or stolen credit card to your issuer • Never give your number out over the phone or online unless you are certain the company is highly reputable • Destroy all credit carbon copies or credit card receipts – draw a line through all blank spaces on credit card receipts • Keep a separate record of your credit card number and the issuer’s phone number, just in case you have to report it lost or stolen • If you use your credit card as identification, ask the merchant not to write down the number 18

20. Identity Theft • Identity Theft is when a criminal assumes the identity of another individual • This can be done by using your Social Security number or drivers license number to open the following types of accounts in your name: • Bank accounts • Credit card accounts • Car loans • Cell phones • Utilities • Note: A criminal may simply obtain your credit card information to commit fraud – by making purchases online using your card information 19

21. How Does Identity Theft Occur? • Online Data: Sending you phony / scam emails asking for personal or account information, accessing info you share on the internet, etc. • Dumpster diving: Rummaging through trash for personal information • Mail Theft: Stealing credit card offers or bills from home mail boxes • Pretexting: Posing as a person with a legitimate need for personal information • Purse / Wallet Theft: Stealing bank cards, credit cards, Social Security cards, checks, etc. • Direct access to documents at home: Roommates or visitors steal personal banking items from your home 20

22. How to Protect Yourself • Shred all personal and financial information before you throw it away • Always keep your credit cards, Social Security card (and number), pin numbers, etc., in a secure place • Make sure you are receiving all of your mail and investigate if you are not • Obtain and review your credit report annually to ensure it is accurate – inquire about any questionable items • Memorize your Social Security and PIN numbers so they do not need to be written down anywhere – never share them with anyone • Don’t offer personal or financial information to solicitors over the phone or online – verify the source asking for the information before providing it 21

23. Signs of Identity Theft • The following warning signs can help you catch identity theft in the early stages. Don’t ignore them, and follow up to ensure your identity is safe: • You are receiving calls from a collection agency regarding bills you are unaware of • You are declined for a loan due to a bad credit rating • You get unexplainable charges on your credit cards • You stop receiving bills for your credit cards • You receive credit cards or loan statements for accounts you have no knowledge of 22

24. Identity Theft – Additional Information If you victim of fraud, call all entities and request a “fraud alert” on your name and social security number. Federal Trade Commission Identity Theft Clearing House 600 Pennsylvania Avenue NW Washington, DC 20580 www.consumer.gov/idtheft FTC Theft Hotline: 1-877-IDTHEFT Equifax 1-800-525-6285 Experian 1-800-397-3742 Trans Union 1-800-680-7289 Social Security Administration (Fraud Line) 1-800-269-0271 23

25. We would like to be of service to you To learn more about PNC Bank’s University Banking program, please go to: pnc.com/studentbanking or call your local PNC Columbus branch at 614-261-3530 and 614-297-5420 You can access information of importance by selecting “links and tools” and then clicking on InternationalServices Or go to www.pncvirtualwallet.com/student Click on “Experience theworld of Virtual Wallet” to see a demonstration Thank you for your time. We wish you well in your academic studies. 24