1 / 17

Financial Services

Financial Services. This Chapter:. -Choosing an account. -Simple and Compound Interest. -Overdraft, Loans & Lines of Credit. Today. Choosing a Bank. Banking Habits. Choosing an account. Kinds of Accounts. -Prior to choosing an account you must choose a bank.

madra
Download Presentation

Financial Services

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. Financial Services

  2. This Chapter: -Choosing an account -Simple and Compound Interest -Overdraft, Loans & Lines of Credit

  3. Today Choosing a Bank Banking Habits Choosing an account

  4. Kinds of Accounts -Prior to choosing an account you must choose a bank -How do you choose a bank?

  5. First You must know what is important to you with regards to what banks offer What DO banks offer????????

  6. Differing Account packages -Value Accounts -Self-Service Accounts -Full Service Accounts -Bonus Savings Accounts Things that Banks Offer

  7. -Varied Interest Rates -Varied Service Charges -Varied On-Line Banking abilities -Varied Phone Banking options -Location, location, locations Things that Banks Offer

  8. Now that you know what banks offer… You need to determine what kind of banker YOU are…

  9. What is important to you as a banker? Are you an on-line banker? Are you face-to-face banker? Are you a “over the phone” banker?

  10. What is important to you as a banker? How many transactions do you make a month? How often do you use ATMs?

  11. What is important to you as a banker? How many deposits do you make/month? How many withdrawals do you make/month?

  12. What is important to you as a banker? Will you carry a balance in your account? If so, what would be the min that you would maintain each month?

  13. All these questions must be answered prior to choosing a bank

  14. Now that you have chosen a BANK Determine what KIND of account you will require Savings or Chequing

  15. An Example of Available Savings Accounts offered by the TD Bank…

  16. When choosing an account -You must weigh account usage against account fees -Needs vs. Services against account fees

More Related