Banks offer services like deposit and loan accounts to safely store money. Some key reasons to use a bank include safety, convenience, lower costs, and building your financial future. To open an account, you will need to visit a bank, show ID, fill out paperwork, and make an initial deposit. Different bank employees, like tellers and loan officers, provide various services. It's important to protect your personal information from identity theft.

1. Bank On It Be Money Smart! Building: Knowledge, Security, Confidence

2. To choose the one that’s right for you when the time comes To take the right steps to open a bank account To find the right person to talk to at the bank when you need different services Why should you learn all about banks? Welcome to Bank On It!

3. Today we will… Learn about banks and banking services Talk about five reasons to use a bank Describe how to open a bank account Talk about the different people who work at a bank and what they do

4. Checking Account in Bank vs. Money in Drawer

5. What Do Banks Do? They’re businesses that offer a safe place to keep money Use deposits to make loans Also called financial institutions Offer many financial services

6. Why keep your money in a bank? Safety Convenience Lower cost Security Build your financial future

7. Types of Financial Institutions Bank Credit Union

8. How Do I Open a Bank Account? What services does it offer? Is it near my home? Where are its ATMs? What does it cost for different accounts? Your bank should meet your needs, so ask yourself:

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. Steps To Open An Account 1.Talk to a bank representative at the bank near your home 2. Show your I.D. and complete paperwork to open the account 3.You can then deposit and withdraw money 4. You need to keep track of your balance Remember to record everything, including deposits, withdrawals, and fees!

11. What Is Account Verification? Photo ID, state-issued ID card Passport Driver’s license SSN, ITIN Proving your identity in order to open an account. Bring with you:

12. Depositing Money Use a deposit slip A deposit slip tells the bank how much money you are adding

13. Deposit Accounts Checking accounts Write checks to pay bills or buy goods or services Linked to an ATM/Debit card Savings accounts Earn more money on your deposits Usually use money only on things you saved for Can be linked to an ATM/Debit card

14. Other Banking Services Direct deposit Money orders Electronic (phone and online) banking ATMs Money transfers Debit cards and stored value cards Loans

15. Is My Personal Information Safe? Banks must keep your personal information safe and private, by law

16. Important Bank Employees Customer Service Representative Bank Teller Loan Officer Branch Manager

17. What do Bank Employees do? Let’s find out!

18. Key Things to Remember Ask for help when you need it Ask questions until you completely understand Never sign anything until you understand it Ask for written information to take home for review

19. NEVER, NEVER give anyone (except a family member or trusted friend) your bank account number!!!!!! Identity theft is a growing crime! Identity Theft: Protect Yourself

20. Phishing: Fake emails which ask for personal information Never give it out! Pharming: Fake websites (that look real) which ask for personal information Never type it in! Is it real? Did you: Type it in yourself? Ask for it to be sent to you? New Forms of Identity Theft

21. Remember: Don’t give out personal information Delete emails you didn’t request 3. Don’t visit websites emailed to you from people you don’t know! Protect Yourself from Identity Theft

22. CONCLUSION: Checking Account in Bank vs. Bag in Drawer

23. Checking Your Balance Congratulations! You have now learned about: Types of financial institutions Basic banking terms How to open a bank account Types of accounts and services Bank employees and their roles

24. Thank you! American Debt Counseling, Inc. 1 888 DEBT USA www.americandebtcounseling.org