Chapter 17

 Jordan May
How the banking system works
•   Build homes
•   Start a new business
•   Plant crops
•   Pave streets
•   Finance educati...
Commercial banks vs. credit unions
• A commercial bank offers a wide variety of
  financial services while a credit union ...
Popular Banks in NC
•   Wachovia
•   Bank of America
•   SunTrust
•   Crescent
EFT
• Electronic Funds Transfer is when instead of a
  written out check the money is transferred
  automatically into you...
Automatic Bill Payment
• Automatic bill payments are when your bills
  are taken automatically out of your account
  and y...
Common Bank Fees
• Unauthorized overdraft fees
• ATM usage fees
• fees for having an account balance under the
  required ...
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Chapter 17

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Chapter 17

  1. 1. Chapter 17 Jordan May
  2. 2. How the banking system works • Build homes • Start a new business • Plant crops • Pave streets • Finance educations
  3. 3. Commercial banks vs. credit unions • A commercial bank offers a wide variety of financial services while a credit union only accept savings deposits and make loans
  4. 4. Popular Banks in NC • Wachovia • Bank of America • SunTrust • Crescent
  5. 5. EFT • Electronic Funds Transfer is when instead of a written out check the money is transferred automatically into your account this is useful so you don’t lose the check
  6. 6. Automatic Bill Payment • Automatic bill payments are when your bills are taken automatically out of your account and you don’t have to remember or use checks
  7. 7. Common Bank Fees • Unauthorized overdraft fees • ATM usage fees • fees for having an account balance under the required amount • Fees for using a teller

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