Dillard bank on it


Published on

Published in: Economy & Finance, Business
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide
  • Suggested changing top question to: How Do I Know What Bank is Right for Me?. If that is too big a change, add to the slide content question the phrase: “about the bank” as in “You should ask yourself several questions about the bank , including:” JK: I kept the question since it matches the lesson, but changed the “Before you open….” wording.
  • Changed dash from keyboard dash to symbol to be consistent with other slides..
  • Changed dashes to symbols to be consistent with other slides. –
  • Dillard bank on it

    1. 1. Bank On It Be Money Smart! Building: Knowledge, Security, Confidence
    2. 2. <ul><li>To choose the one that’s right for you when the time comes </li></ul><ul><li>To take the right steps to open a bank account </li></ul><ul><li>To find the right person to talk to at the bank when you need different services </li></ul>Why should you learn all about banks? Welcome to Bank On It!
    3. 3. Today we will… <ul><li>Learn about banks and banking services </li></ul><ul><li>Talk about five reasons to use a bank </li></ul><ul><li>Describe how to open a bank account </li></ul><ul><li>Talk about the different people who work at a bank and what they do </li></ul>
    4. 4. Checking Account in Bank vs. Money in Drawer
    5. 5. What Do Banks Do? <ul><li>They’re businesses that offer a safe place to keep money </li></ul><ul><li>Use deposits to make loans </li></ul><ul><li>Also called financial institutions </li></ul><ul><li>Offer many financial services </li></ul>
    6. 6. Why keep your money in a bank? <ul><li>Safety </li></ul><ul><li>Convenience </li></ul><ul><li>Lower cost </li></ul><ul><li>Security </li></ul><ul><li>Build your financial future </li></ul>
    7. 7. Types of Financial Institutions <ul><li>Bank </li></ul><ul><li>Credit Union </li></ul>
    8. 8. How Do I Open a Bank Account? <ul><li>What services does it offer? </li></ul><ul><li>Is it near my home? </li></ul><ul><li>Where are its ATMs? </li></ul><ul><li>What does it cost for different accounts? </li></ul>Your bank should meet your needs, so ask yourself:
    9. 9. Banking Terms Deposit put money in the bank Withdrawal take money out of the bank Balance how much money you have in the bank Fees money charged for services Overdraft withdrawing more money than you have in your account
    10. 10. Steps To Open An Account <ul><li>1.Talk to a bank representative at the bank near your home </li></ul><ul><li>2. Show your I.D. and complete paperwork to open the account </li></ul><ul><li>3.You can then deposit and withdraw money </li></ul><ul><li>4. You need to keep track of your balance </li></ul><ul><ul><li>Remember to record everything, including deposits, withdrawals, and fees! </li></ul></ul>
    11. 11. What Is Account Verification? <ul><li>Photo ID, state-issued ID card </li></ul><ul><li>Passport </li></ul><ul><li>Driver’s license </li></ul><ul><li>SSN, ITIN </li></ul>Proving your identity in order to open an account. Bring with you:
    12. 12. Depositing Money <ul><li>Use a deposit slip </li></ul><ul><li>A deposit slip tells the bank how much money you are adding </li></ul>
    13. 13. Deposit Accounts <ul><li>Checking accounts </li></ul><ul><ul><li>Write checks to pay bills or buy goods or services </li></ul></ul><ul><ul><li>Linked to an ATM/Debit card </li></ul></ul><ul><li>Savings accounts </li></ul><ul><ul><li>Earn more money on your deposits </li></ul></ul><ul><ul><li>Usually use money only on things you saved for </li></ul></ul><ul><ul><li>Can be linked to an ATM/Debit card </li></ul></ul>
    14. 14. Other Banking Services <ul><li>Direct deposit </li></ul><ul><li>Money orders </li></ul><ul><li>Electronic (phone and online) banking </li></ul><ul><li>ATMs </li></ul><ul><li>Money transfers </li></ul><ul><li>Debit cards and stored value cards </li></ul><ul><li>Loans </li></ul>
    15. 15. Is My Personal Information Safe? Banks must keep your personal information safe and private, by law
    16. 16. Important Bank Employees <ul><li>Customer Service Representative </li></ul>Bank Teller Loan Officer Branch Manager
    17. 17. What do Bank Employees do? Let’s find out!
    18. 18. Key Things to Remember <ul><li>Ask for help when you need it </li></ul><ul><li>Ask questions until you completely understand </li></ul><ul><li>Never sign anything until you understand it </li></ul><ul><li>Ask for written information to take home for review </li></ul>
    19. 19. <ul><li>NEVER, NEVER give anyone (except a family member or </li></ul><ul><li>trusted friend) your bank account </li></ul><ul><li>number!!!!!! </li></ul>Identity theft is a growing crime! Identity Theft: Protect Yourself
    20. 20. <ul><li>Phishing: </li></ul><ul><li>Fake emails which ask for personal information </li></ul><ul><li>Never give it out! </li></ul><ul><li>Pharming: </li></ul><ul><li>Fake websites (that look real) which ask for personal information </li></ul><ul><li>Never type it in! </li></ul><ul><li>Is it real? </li></ul><ul><li>Did you: </li></ul><ul><li>Type it in yourself? </li></ul><ul><li>Ask for it to be sent to you? </li></ul>New Forms of Identity Theft
    21. 21. <ul><li>Remember: </li></ul><ul><li>Don’t give out personal information </li></ul><ul><li>Delete emails you didn’t request </li></ul><ul><li>3. Don’t visit websites emailed to you from people you don’t know! </li></ul>Protect Yourself from Identity Theft
    22. 22. CONCLUSION: Checking Account in Bank vs. Bag in Drawer
    23. 23. Checking Your Balance Congratulations! You have now learned about: <ul><li>Types of financial institutions </li></ul><ul><li>Basic banking terms </li></ul><ul><li>How to open a bank account </li></ul><ul><li>Types of accounts and services </li></ul><ul><li>Bank employees and their roles </li></ul>
    24. 24. Thank you! <ul><li>American Debt Counseling, Inc. </li></ul><ul><li>1 888 DEBT USA </li></ul><ul><li>www.americandebtcounseling.org </li></ul>