2. The banking system sells services such as:

› Checking Accounts
› Payment Accounts
› Savings Accounts
› Loans
› Investments

3. Commercial Banks provide checking

accounts, savings accounts, and make
loans to individuals and businesses
Credit Unions are user-owned, not-for-

profit, cooperative financial instritutions

4. Wachovia

 Bank of America
 CitiGroup
 SunTrust
 Wells Fargo

5. An EFT is the electronic transfer of money

between accounts using systems such as
automated teller machines (ATMs), and
online payment of bills
It is useful because it saves time, and you

can make transfer from your house,
office, etc…

6. A bill payment made from a bank

account or a credit card on a regularly
scheduled basis, typically monthly
It is useful because your bills will

automatically be paid without you doing
anything

7. Buying Checks

 Saving Accounts
 Loans
 Checking and Payment Accounts