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Financialliteracy
banks
savings and loans
credit unions
PROVIDE
MONEY
SERVICES
Services Provided:
credit card
debit card
saving account loanchecking account
Services Provided:
saving account checking account
Bank always pays interest Sometimes pays interest
Limit withdrawals
Pay higher interest Pay lower interest
(earn) interest
Services Provided:
credit card debit card
Subtract money to your checking account balanceLoan from bank
Pay money back with interest
Services Provided: Borrow Money
credit card loan
Banks charge interest for loans and unpaid credit card balances.
When you use a credit card, your bank pays the store right away.
No later than a month you pay the bank back.
Services Provided: SUMMARY
credit card debit card
saving account loanchecking account
You pay interest
You earn interest You pay a fee if you spend more than is
in the account
You pay a fee if you spend
more than is in the accountYou pay interest
Basic Purposes:
deposit withdraw
balance
when you put money in the bank when you take money out of the bank
amount of money you have in your bank account
Add money to your account balance
Deposit + interest - withdrawals = Balance
Subtract money to your account balance
bank: opening a savings account. Photograph. Britannica Online for Kids.
Web. 11 Aug. 2015. <http://kids.britannica.com/elementary/art-86832>.

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Financialliteracy

  • 2. banks savings and loans credit unions PROVIDE MONEY SERVICES
  • 3. Services Provided: credit card debit card saving account loanchecking account
  • 4. Services Provided: saving account checking account Bank always pays interest Sometimes pays interest Limit withdrawals Pay higher interest Pay lower interest (earn) interest
  • 5. Services Provided: credit card debit card Subtract money to your checking account balanceLoan from bank Pay money back with interest
  • 6. Services Provided: Borrow Money credit card loan Banks charge interest for loans and unpaid credit card balances. When you use a credit card, your bank pays the store right away. No later than a month you pay the bank back.
  • 7. Services Provided: SUMMARY credit card debit card saving account loanchecking account You pay interest You earn interest You pay a fee if you spend more than is in the account You pay a fee if you spend more than is in the accountYou pay interest
  • 8. Basic Purposes: deposit withdraw balance when you put money in the bank when you take money out of the bank amount of money you have in your bank account Add money to your account balance Deposit + interest - withdrawals = Balance Subtract money to your account balance
  • 9. bank: opening a savings account. Photograph. Britannica Online for Kids. Web. 11 Aug. 2015. <http://kids.britannica.com/elementary/art-86832>.