1 / 31

Activity 1………….Why Do You Need A Bank? Activity 2………The Many Services of a Bank

Activity 1………….Why Do You Need A Bank? Activity 2………The Many Services of a Bank Activity 3…The ABCs of a Chequing Account Activity 4………Opening a Chequing Account Activity 5……………….How to Write a Cheque Activity 6….Maintaining a Chequing Account Activity 7……The ABCs of a Savings Account.

danica
Download Presentation

Activity 1………….Why Do You Need A Bank? Activity 2………The Many Services of a Bank

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Activity 1………….Why Do You Need A Bank? • Activity 2………The Many Services of a Bank • Activity 3…The ABCs of a Chequing Account • Activity 4………Opening a Chequing Account • Activity 5……………….How to Write a Cheque • Activity 6….Maintaining a Chequing Account • Activity 7……The ABCs of a Savings Account

  2. Basic Banking Services - Activity 1 • ACTIVITY 1 • Why Do You • Need a Bank? • Overview • Purposes of banks • The differences between banks and • credit unions • Safety of financial institutions • Banks as money management tools 2

  3. Slide 1 – Canada Deposit Insurance Corporation Lesson Reference: Basic Banking Services, Activity 1 – Overhead 2 • CANADA DEPOSIT • INSURANCE CORPORATION • • Established in 1967 • • A Crown Corporation • • Protects depositors against certain losses, up to $100,000 per depositor 3

  4. Basic Banking Services - Activity 2 • ACTIVITY 2 • The Many Servicesof a Bank • Overview • Financial services provided by a bank • Bank employees • Services that might be of personal benefit • The impact of state and federal regulations upon the security of a bank 4

  5. REMITTANCE OPTIONS • TO SEND AND RECEIVE MONEY • 1. Money Transfer Organizations • 2. Bank Transfers • 3. Hand Delivery • 4. Mail • 5. Hawala • 6. Post Offices • 7. Stored Value Cards 5 Slide 1 – Remittance Options Lesson Reference: Basic Banking Services, Activity 2 - Overhead 1

  6. BANK OCCUPATIONS • • Tellers • • Personal Bankers • • Mortgage Lenders • • Operations Manager • • Branch Manager 6 Slide 2 – Bank Occupations Lesson Reference: Basic Banking Services, Activity 2 – Overhead 2

  7. Slide 3 - Electronic Bank Services Lesson Reference: Basic Banking Services, Activity 2 – Overhead 3 • ELECTRONIC BANK SERVICES • Online banking is the fastest growing Internet • activity in Canada. • Types of Services • Bank Cards • Automated Services • Protect Your Passwords! 7

  8. Slide 4 - Bank Card Types Lesson Reference: Basic Banking Services, Activity 2 – Overhead 4 BANK CARD TYPES • TYPE • ABM/Debit Cards • Stored Value Cards • DESCRIPTION • Bank cards that allow for the payment of goods and services to be subtracted directly from a bank deposit account. • Can be used with merchants that take major credit cards—known as point of sale (POS) transactions. • Bank cards with preset, limited value. • Used to pay for goods and services. • Alternative to cash. 8

  9. AUTOMATED BANK SERVICES • • Direct Deposit • • Transfers between Accounts • • Transfers to a Third Party • • Online Banking • • Bank by Phone • • ABM 9 Slide 5 – Automated Bank Services Lesson Reference: Basic Banking Services, Activity 2 – Handout 3

  10. Slide 6 - Regulation of Electronic Banking Lesson Reference: Basic Banking Services, Activity 2 – Overhead 5 • REGULATION OF ELECTRONIC • BANKING SERVICES • Electronic Funds Transfer Code • Initiated by the Ministry of Consumer and Corporate Affairs (CCAC) in 1989. It protects consumers using any type of electronic banking from loss and protects their privacy. • Banks must: • Offer consumers a record or receipt for all computer • transactions. • Investigate errors and report to consumer within ten days of error notification. • Customers are responsible to report any errors. 10

  11. Basic Banking Services - Activity 3 • ACTIVITY 3 • The ABCs of a Chequing Account • Overview • Purposes of a chequing account • Shopping for and comparing chequing accounts 11

  12. CHEQUING ACCOUNT TERMS • Bank Statement • Cancelled Cheque • Cheque • Cheque Register/Ledger • Endorsement • Fee • Interest • Minimum Balance • Outstanding Transactions • Overdraft • Overdraft Protection • Payee • Reconciling a Bank Statement • Transaction Limits 12 Slide 1 - Chequing Account Terms Lesson Reference: Basic Banking Services, Activity 3 – Handout 1

  13. Slide 2 - Shopping Around Lesson Reference: Basic Banking Services, Activity 3 - Handout 2 SERVICES Location of bank Location of ABMs Banking hours Minimum balance required Minimum transactions or limits Interest-bearing accounts? Other COSTS Non-primary bank ABM transactions In-branch transaction fees Per-cheque fees Other chequing fees Overdraft protection Printing of cheques SHOPPING AROUND (THINGS TO ASK ABOUT WHEN OPENING A CHEQUING ACCOUNT) 13

  14. Basic Banking Services - Activity 4 ACTIVITY 4 Opening a Chequing Account Overview • Chequing Account Application Process • The Application • Acceptable Forms of ID • The Signature Authorization Card 14

  15. OPENING A CHEQUING ACCOUNT 15 Slide 1 – Opening a Chequing Account Lesson Reference: Basic Banking Services, Activity 4 – Handout 1

  16. Slide 2 - Commonly Accepted Forms of IDLesson Reference: Basic Banking Services, Activity 4 – Handout 2 COMMONLY ACCEPTED FORMS OF ID Primary ID* • Driver’s Licence issued in Canada • Canadian passport • Certificate of Canadian Citizenship • Permanent Resident card or Citizenship and Immigration Canada Form IMM 1000, IMM 1442, or IMM 5292 • Birth certificate issued in Canada • Social Insurance card • Old Age Security card • Certificate of Indian Status • Provincial health insurance card (except Ontario, Manitoba, and PEI) • Provincial ID card, bearing the individual’s photograph and signature, issued by authorities such as Insurance Corporation of British Columbia, Alberta Registries, Service New Brunswick, etc. * Financial institutions' ID requirements may differ; check with the institution first before applying for an account. 16

  17. Slide 3 - Commonly Accepted Forms of IDLesson Reference: Basic Banking Services, Activity 4 – Handout 2 COMMONLY ACCEPTED FORMS OF ID Secondary ID* • Employee photo ID card • Canadian University/ College photo ID card • Canadian bank or ABM/debit card • Canadian credit card • Canadian National Institute for the Blind (CNIB) client card • Foreign passport * Financial institutions' ID requirements may differ; check with the institution first before applying for an account. 17

  18. SIGNATURE AUTHORIZATION CARD 18 Slide 4 – Signature Authorization Card Lesson Reference: Basic Banking Services, Activity 4 – Handout 3

  19. Basic Banking Services - Activity 5 ACTIVITY 5 How to Write a Cheque 19

  20. Slide 1 - Writing a Cheque Lesson Reference: Basic Banking Services, Activity 5 – Handout 1 WRITING A CHEQUE 20

  21. Basic Banking Services - Activity 6 • ACTIVITY 6 • Maintaining a • Chequing Account • Overview • Keeping a cheque register • Making a deposit into a chequing account • Reconciling a bank statement • Maintaining a chequing account • Avoiding overdrafts 21

  22. Slide 1 - Keeping a Cheque Register Lesson Reference: Basic Banking Services, Activity 6 – Handout 1 KEEPING A CHEQUE REGISTER 22

  23. Slide 2 - Making a Deposit - Endorsing a Cheque Lesson Reference: Basic Banking Services, Activity 6 – Handout 1 MAKING A DEPOSIT - ENDORSING A CHEQUE The Back Side of a Cheque 23

  24. Slide 3 - Making a Deposit - Completing a Deposit Slip Lesson Reference: Basic Banking Services, Activity 6 – Handout 1 MAKING A DEPOSIT - COMPLETING A DEPOSIT SLIP 24

  25. Slide 4 - Reconciling a Bank Statement Lesson Reference: Basic Banking Services, Activity 6 – Handout1 RECONCILING A BANK STATEMENT 25

  26. OVERDRAFTS AND BOUNCED CHEQUES Overdrafts and bounced cheques occur when you complete a financial transaction (e.g., write a cheque) for more than what is available in the account. Your financial institution may pay the amount and charge you a fee, known as an “overdraft fee” or a “nonsufficient funds fee.” Tip: Avoid overdraft or non-sufficient funds fees by making a habit of monitoring the balance in your chequing account. 26 Slide 5 – Overdrafts and Bounced Cheques Lesson Reference: Basic Banking Services, Activity 6 – Overhead 1

  27. Basic Banking Services - Activity 7 • ACTIVITY 7 • The ABCs of aSavings Account • Overview • Purpose of a savings account • Shopping for a savings account • Applying for a savings account • Monthly bank statement checkup 27

  28. Slide 1 - Reasons to Save Lesson Reference: Basic Banking Services, Activity 7 – Overhead 1 • REASONS TO SAVE • Emergencies • Future Purchases • Future Investments 28

  29. Slide 2 - Shopping for a Savings Account Lesson Reference: Basic Banking Services, Activity 7 – Overhead 2 • SHOPPING FOR A • SAVINGS ACCOUNT • Factors to consider: • Safety • Risk • Liquidity • Minimum Account Balance Requirements • Fees and Service Charges • Interest Rate • Returns (Earnings) • Automatic Transfer • Direct Deposit 29

  30. OPENING A SAVINGS ACCOUNT 30 Slide 3 – Opening a Savings Account Lesson Reference: Basic Banking Services, Activity 7 – Overhead 3

  31. BANK STATEMENT 31 Slide 4 – Bank Statement Lesson Reference: Basic Banking Services, Activity 7 – Overhead 4

More Related