Introduction

1. Bank On It

2. Introduction • Instructor and student introductions • Module overview Bank On It

3. Student Introductions • Your name • Your expectations, questions, and concerns about banking. Bank On It

4. Purpose Bank On It : • Is an overview of banking services. • Will help you build a positive relationship with banks, thrifts, and credit unions. Bank On It

5. Objectives By the end of this module, you will be able to: • Identify the major types of insured financial institutions. • Identify five reasons to use a bank. • Describe the steps involved in opening and maintaining a bank account. Bank On It

6. Objectives (Continued) • Describe two types of deposit accounts. • Identify additional bank services that come with deposit accounts. • Describe the main functions of the bank customer service representative, teller, loan officer, and branch manager. Bank On It

7. Agenda and Ground Rules • 60 – 90 minutes long • One 10-minute break • Training methods • Class participation Bank On It

8. Bank A business that: • Offers you a safe place to keep your money. • Uses your deposits to make loans. • Provides a variety of services. Also called a financial institution. Bank On It

9. Why Keep Money in a Bank? • Safety • Convenience • Cost • Security • Financial future Bank On It

10. Types of Financial Institutions • Banks • Credit unions • Thrifts Bank On It

11. Opening and Maintaining a Bank Account Steps: • Open the account and go through account verification. • Make deposits and withdrawals. • Record interest and fees. • Keep track of your account balance. Bank On It

12. Account Verification The bank: • Reviews your credit and past banking history. • Checks your photo identification. • Determines if you can open an account. Now you can deposit your money! Bank On It

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

14. Balance The balance is the amount of money you have in your bank account. Bank On It

15. Withdrawal A withdrawal is money you take out of your account using: • Checks • Withdrawal slips • ATMs • Check/debit cards Bank On It

16. Fees Banks deduct fees from your account for: • Certain services (monthly maintenance fee). • Penalties (for bouncing a check). Bank On It

17. Interest Interest is a percentage of your balance that the bank pays you for keeping your money at that bank. Bank On It

18. Practice Exercise Instructions: • Read the scenario. • Answer the question. Bank On It

19. Deposit Accounts Accounts that let you add money to the account: • Checking accounts let you write checks to pay bills or buy goods. • Savings accounts always earn interest. Bank On It

20. Non-deposit Accounts These accounts are NOT FDIC-insured. • Stocks • Bonds • Mutual funds Bank On It

21. Additional Banking Services • Direct deposit • Money order • Online and telephone banking • Automated Teller Machine (ATM) Bank On It

22. Additional Banking Services(Continued) • Money transfer • Debit card • Stored value cards • Loan Bank On It

23. Privacy Notices Notices that companies involved in financial transactions must send you. They explain: • What personal financial information is collected. • If they intend to share it. • How to limit the sharing. • How your personal financial information is protected. Bank On It

24. “Opting Out” You can opt out by: • Reading the privacy notice to find out how. • Calling 1-888-5-OPTOUT (1-888-567-8688). • Visiting www.optoutprescreen.com. Bank On It

25. Important Bank Employees Get to know these important bank employees: • Customer service representative • Teller • Loan officer • Branch manager Bank On It