Banking

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Banking

  1. 1. Krishna Polasani
  2. 2. Federal Reserve System <ul><li>The Federal Reserve System is made to supervise and regulate member banks and to help banks serve the public efficiently. </li></ul><ul><li>Bank of America </li></ul><ul><li>Wachovia </li></ul><ul><li>Sun Trust </li></ul><ul><li>Wells Fargo </li></ul>
  3. 3. 5 examples of how the banking system works <ul><li>Savings Services </li></ul><ul><li>Payment Services </li></ul><ul><li>Lending Services </li></ul><ul><li>Electronic Banking </li></ul><ul><li>Storage of Valuables </li></ul><ul><li>Investment Advice </li></ul><ul><li>Management of Trusts </li></ul>
  4. 4. What is the difference between a Commercial Bank and a Credit Union <ul><li>Commercial Bank </li></ul><ul><li>Full services Banks </li></ul><ul><li>Have different financial services </li></ul><ul><li>Credit Union Bank </li></ul><ul><li>Government Agency </li></ul><ul><li>Serving members are from the credit union </li></ul>
  5. 5. List 4 Popular Banks in North Carolina <ul><li>Bank of America </li></ul><ul><li>Wachovia </li></ul><ul><li>Sun Trust </li></ul><ul><li>Wells Fargo </li></ul>
  6. 6. What is EFT? Why is it useful? <ul><li>EFT refers to the use o computers and other electronics for banking activities. </li></ul><ul><li>It is useful because it is easier and the money cannot be lost. </li></ul>
  7. 7. What is Automatic Bill Payment ? Why is it useful <ul><li>Automatic Bill Payment is paying a bill automatically right when you get through websites. </li></ul><ul><li>This is better because it easier and more safe then checks. </li></ul>
  8. 8. 4 Common Bank Fees <ul><li>Endorsements </li></ul><ul><li>Check Register </li></ul><ul><li>Bank Statement </li></ul><ul><li>Bank Reconciliation </li></ul>

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