Your SlideShare is downloading. ×
Banking
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Banking

817

Published on

Published in: Economy & Finance, Business
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
817
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
42
Comments
0
Likes
1
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Marissa Doria Block 3
  • 2. Federal Reserve System  Supervises and regulates member banks and helps banks serve the public efficiently  They hold reserves  Clearing checks in different cities: Paying of checks among different banks in different cities
  • 3. The Way the Banking System Works  Build Homes  Start New Businesses  Plant Crops  Finance Educations  Buy Goods  Pave Streets  Invest for Retirement  Build Hospitals  Buy New Business Equipment
  • 4. Commercial Bank  It is the most common way for a bank to be organized  They are often called full service banks because they offer a wide variety of financial services  Examples: Savings Department, Trust Department and Real Estate Department
  • 5. Credit Union  User-owned, not-for-profit, cooperative financial institution  Examples: When a person deposits money and The National Credit Union Administration
  • 6. Four Factors that go into deciding which Bank to Use  Safety  Convenience  Fees and Charges  Restrictions
  • 7. Popular Banks in North Carolina  Bank of America  Wachovia  Bank of North Carolina  Sun Trust
  • 8. Electronic Banking  Use of computers and other technology for banking activities  EFT is useful because it allows the customer many financial services
  • 9. Credit Card vs. Debit Card  Credit Cards are borrowing from the bank to pay later  Debit card or a cash card is used for ATM transactions  Banks would prefer you use a debit card
  • 10. Automatic Bill Payment  Requires a bank customer to authorize preset amounts of monthly expenses  It is useful because the bank deducts the payments from your account and transfer them to the appropriate companies
  • 11. Service Charge and Bank Reconciliation  Banks have to take money in order to make their money  Fee a bank charges for handling a checking account  Bank Reconciliation—Document created to show how the two balances were brought into agreement
  • 12. Stop Payment Order and Stored Value Card  Written notice that tells the bank not to pay a certain check  Stored Value Card—Prepaid cards for phone services, transit fares, highway tolls, laundry service and school lunches are common. You can recharge with an additional amount
  • 13. Signature Card  Opening your checking account starts with signing a signature card  It verifies your signature

×