1 / 13

Banking

Banking. Checking Account. When?. Why?. Where?. With a checking account…. Write a check ATM Card Debit Card. Writing a check. Company Name Address City, Sate Zip. March 28, 2012. Lincoln Electric Company. 250.00. Two Hundred and fifty and 00/100 --------------------.

moses
Télécharger la présentation

Banking

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. Banking

  2. Checking Account When? Why? Where?

  3. With a checking account… • Write a check • ATM Card • Debit Card

  4. Writing a check Company Name Address City, Sate Zip March 28, 2012 Lincoln Electric Company 250.00 Two Hundred and fifty and 00/100 -------------------- Jennifer Satorie March Electric Bill

  5. ATM Card (Automated Teller Machine) • Is a card that is linked to your bank account. • Get cash fast • PIN (Personal Identification Number)

  6. Debit Card • Used like a credit card • Money comes out of your bank account automatically. • Like a check with out the paper • Money has to be there.

  7. What are some options… • Minimum balances • Annual/ Monthly Fees • Overdraft protection • Insufficient funds fees • ATM Fees

  8. Savings Account Where? Why? When?

  9. Savings Account • Money set aside for short term goals • Can still get cash out when you need • Usually gains interest • Very safe • (FDIC – Federal Deposit Insurance Corporation)

  10. Investing Where? Why? When?

  11. Investing… • Long term goals • Money into longer term account • Usually higher interest rate • Usually fee to get money out early

  12. Types of Investments • Stocks • Own a part of a company • Can generate high returns (Buy low – Sell high) • Bonds (US Govt, Corporate) • You are loaning the money to the government • Longer period of time (2-30 years) • CD’s (Banks version of a Bond) • Certificates of Deposit • Loan money to the bank

  13. cont… • Mutual Funds • Usually done by an investor • Pools several investors money and invests • IRA’s • Individual Retirement Account • Vary (before tax/after tax) - Usually a limit • Retirement/ 401K • Money taken out and set aside to be used for retirement

More Related