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EPF.12c evaluate services and related costs associated with personal
banking
EPF.12e prepare all forms necessary for opening and maintaining a
checking and a savings account
EPF.12f reconcile bank statements
There are costs associated with personal banking.
   check cashing
   interest earned
   debit cards
   ease of bill paying
   online account management
   direct deposit
   automated teller machine (ATM)
   improved access to loans.
Costs for services provided by financial
  institutions include interest on loans and
  fees, such as
 ATM fees
 late fees
 minimum balance fees
 returned check fees.
Consumers who are unbanked may have
  difficulty
 establishing credit
 cashing checks without paying a service fee
 mailing bill payments
 acquiring loans
 receiving direct deposit income
 keeping income safe.
The process of opening a checking account or savings account involves
several steps.
Opening and maintaining a checking or savings
  account involves
 completing an application
 completing a signature card
 presenting approved identification document
 writing/maintaining checks, stubs, and check
  register
 endorsing checks
 completing deposit and withdrawal documents.
Reconciling bank statements is an important step in financial planning.
   Reconciliation is the process of bringing the
    checkbook register into agreement with the
    bank statement. This may be done
    electronically or manually.

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Personal banking

  • 1. EPF.12c evaluate services and related costs associated with personal banking EPF.12e prepare all forms necessary for opening and maintaining a checking and a savings account EPF.12f reconcile bank statements
  • 2. There are costs associated with personal banking.
  • 3. check cashing  interest earned  debit cards  ease of bill paying  online account management  direct deposit  automated teller machine (ATM)  improved access to loans.
  • 4. Costs for services provided by financial institutions include interest on loans and fees, such as  ATM fees  late fees  minimum balance fees  returned check fees.
  • 5. Consumers who are unbanked may have difficulty  establishing credit  cashing checks without paying a service fee  mailing bill payments  acquiring loans  receiving direct deposit income  keeping income safe.
  • 6. The process of opening a checking account or savings account involves several steps.
  • 7. Opening and maintaining a checking or savings account involves  completing an application  completing a signature card  presenting approved identification document  writing/maintaining checks, stubs, and check register  endorsing checks  completing deposit and withdrawal documents.
  • 8. Reconciling bank statements is an important step in financial planning.
  • 9. Reconciliation is the process of bringing the checkbook register into agreement with the bank statement. This may be done electronically or manually.