1. Banking
By: Kelsey Winchester
The Federal Reserve System
was set up to supervise and
regulate member banks and to
help banks serve the public
efficiently. A federal Branch
city serves banks in our
community.

2. How the Banking System
Works
• Some services they provide are:
1) Savings Accounts
2) Checking and payment accounts
3) Loans and other credit plans
4) Other services, such as safe deposit boxes, trusts and
investment advice.
• Types of banks include:
1) Commercial banks
2) Savings and loan associations
3) Etc.

3. Commercial Banks vs.
Credit Union
• Commercial banks are often called full-
service banks because they offer a wide
range of financial services. Commercial
banks offer checking accounts, provide
savings accounts, make loans to individuals
and to businesses, and offer other services.
• Credit Unions are a user-owned, not-for-
profit, cooperative financial institution.
Serving members only, credit unions accept
savings deposits and make loans for a variety
of purposes.

4. Banks in N.C.
1) The Fidelity Bank
2) SunTrust
3) Wachovia
4) Bank of America

5. EFT
• EFT is an electronic funds transfer. This
refers to the use of computers and other
technology for banking activities. This is
useful for direct deposits, automatic bill
payments, and point-of-sale transactions.

6. Automatic Bill Payment
• Automatic bill payment is when the bank
deducts the payments from your account
and transfers them to the appropriate
companies. This is useful so you never
forget to make a payment and all your
payments are never late.

7. Bank Fees
• Some Common Bank fees are based on:
1) Food
2) Clothing
3) Home fees
4) Health Care