2. How can you access your bank account ?
I KNOW you’re thinking a CHECK right ?
The Answer is: A Debit Card !
3. 1) By the end of class today students will know how
debit cards are used.
2) Students will learn what a CVV & pin number is.
3) Students will learn various benefits of a debit card.
4) Students will learn about different types of debit
cards.
5) Students will know what’s “inside” a debit card.
6) Students will learn what to do if their debit card is lost
or stolen.
7) Students will be able to demonstrate what they’ve
learned about debit cards with 95% accuracy.
4. • A CVV number is the 3 digit number
listed on the back of a debit card. It is
needed for online debit card
transactions. CVV stands for Card
Verification Value.
5. SBW
• A PIN number also known as a (personal
identification number). It’s a private
number that consumers use to gain
access to their money.
• A consumer should NEVER reveal to
anyone what their PIN is. It is NEVER to
be given to a merchant.
6. • To withdraw money from an ATM.
• To get cash back from retailers.
• To pay bills online, in-person, or by phone.
• You can also purchase things on line as
such as movie tickets, clothes, shoes,
books, food, hotels, parking & airline
tickets.)
7. • You don’t have to carry cash in your wallet.
• You can transfer funds between accounts.
• Debit cards prevent overspending because
the consumer controls the amount of money
available on the card.
• ATM fees can be avoided by utilizing the
cash-back option.
• You can have your photo I.D. added to your
debit card for protection against identity
theft.
8. • “Dual -Use Debit Card”- when you swipe this card,
you have the option to choose debit or credit. If you
choose credit, the purchase is charged to your line
of credit & you can also earn rewards. If you
choose debit, you will enter a pin number.
• “Pin Only Debit Card”-When you swipe this
card, you will be prompted to enter a pin.
• “Prepaid Debit Card”-This card allows the
consumer to load cash at any participating
retailer. Ex: Walmart, Schnucks, or Walgreens).
• “EBT Debit Card”-This is the card is used by the
government to disburse monetary benefits.
9. • Debit cards are fun to use when playing the
Monopoly “Electronic Banking” Game. The
game allows up to 6 players and comes
equipped with an electronic banking machine,
2 dice, a game board, title deed cards, chance &
community chest cards, 6 tokens, 32 houses, 12
hotels, and 6 debit cards. Each player starts the
game with $15 million on their debit card. The
object of the game is to be the last player left
after everyone else has gone bankrupt.
10. • Located inside a debit card is a RFID chip.
It’s known as the Radio Frequency I.D.
• It’s a very tiny computer chip that is used to
transfer a consumers account information
from the card to the merchants card reader.
According to the Nilson Report there are 35
million of these cards in circulation in the
United States alone.
11. • If your debit card is lost or stolen please
contact your card issuer immediately.
• Write a follow-up letter or email to confirm that
you reported the problem & save a copy.
• If sending a letter via U.S. Postal Service, mail
it certified and save the receipt. Check
to see if your homeowners or rental’s insurance
policy covers your liability for card theft. If not,
some insurance companies will allow you to
change your policy to include that protection.
12. True or False
• A CVV number is for online transactions ?
• Debit cards eliminate the need to carry cash ?
• You can transfer funds with a debit card?
• The amount of money on a Prepaid Debit Card, are
determined by financial institutions ?
• The EBT Debit Card can be purchased at a bank ?
• There is no pin number required with a Dual-Use
Debit Card.
• There are more than two types of debit cards ?
• If your debit card is lost or stolen you should contact
the news station ?
