Electronic Banking Bonanza Grade Level 7-9
|
|
- Polly Lang
- 7 years ago
- Views:
Transcription
1 Electronic Banking Bonanza Grade Level 7-9 Introductory Level Time to complete: 90 minutes National Content Standards Family and Consumer Science Standards: 2.4.1, 2.5.4, National Council on Economic Education Teaching Standards: 10, 11 National Standards for Business Education Personal Finance: VI.1, VI.2, VI.3-4 Objectives Upon completion of this lesson, students will be able to: Define electronic banking. Describe the benefits of electronic banking Identify the different types of electronic banking Recognize the safety precautions for electronic banking Introduction There has been significant growth in electronic banking (e-banking) over the past few years but the topic is still relatively new to many consumers. Like the great gold rush when millions of people moved west, millions of banks, businesses and people are making the move to electronic banking. E-banking allows access to money electronically in a fast and paperless way. Electronic banking uses computer networks to transfer funds electronically (rather than by check or cash) among various bank accounts. E-banking allows a person to make withdrawals, deposits, and bill payments, check account balances, and transfer money between accounts using the phone, Internet, or store machines rather than in person. Benefits of e-banking include: 24-hour access Fast Paperless Convenient Worldwide access A debit card is a plastic card which looks like a credit card, but is electronically connected to the cardholder s bank account for purchases. When a purchase is made, money is automatically taken from the designated account. Some cards are dual function cards for ATMs and debit cards, meaning one card performs both functions. Debit cards require using a personal identification number (PIN) to access the account to perform transactions. A PIN confirms that the user of the debit card is authorized to access the account. The card is used by swiping it through the store machine or inserting it into the ATM machine. To authorize the purchase a PIN must be entered or a receipt must be signed. Automated teller machines (ATMs) or cash machines are electronic computer terminals which offer automated, computerized banking where you can withdraw cash or deposit funds into an account. ATMs can be found in a variety of places including supermarkets, financial institutions, and convenience stores. ATMs are accessed with an Take Charge Today Revised May 2010 Electronic Banking Bonanza Page 1
2 1.2.2 ATM or debit card and a PIN. ATMs are usually free of charge for customers using his/her financial institution s ATM. Some ATMs charge a fee for use, and financial institutions may also assess a fee if a customer uses another banks ATM instead of theirs. If the ATM charges a fee, the amount will be posted on the ATM screen. To use an ATM, insert the card into the slot, type in the PIN and perform the desired transaction. Keep the printed receipt to compare with that month s bank statement. E-Banking safety As a safety precaution, when using debit cards in a store, a photo ID is often requested to verify the person making the payment is the person responsible for payment. However, e-banking does not usually involve exchanges between people. Therefore, procedures must be in place and products must be protected from theft and fraud. The following are tips to protect consumers who use debit cards and other e-banking products and services. To use ATM and debit cards safely, follow these tips: Sign the back of the card and write see ID Memorize the PIN and keep it hidden o Do not write it down where the card is kept o Do not tell others o Shield the PIN with your body when using ATMs o Do not give it out over the phone or o Change the PIN if it is suspected someone else knows it Report lost or stolen debit/atm cards immediately Write down the card number and financial institution contact information. Store the information in a safe place separate from the card in case the card becomes lost or stolen. Overdraft As a result of The Card Act (effective 2010), consumers have options regarding overdrafts for transactions made with their debit or ATM cards. An overdraft occurs when a consumer withdrawal from a bank account exceeds the available balance. Consumers must now choose to allow their depository institution to accept transactions which will exceed their available balance and be charged a $20-$30 transaction fee. Or, a consumer may choose to allow a transaction to be declined if there are not sufficient funds. However, debit card transactions may not clear the depository institution until the next business day depending upon how quickly a business processes its sales. For this reason it is important to know the account balance prior to making a debit card purchase. In this lesson electronic banking will be explored. Students will identify how e-banking works, the different types of electronic banking, terminology, advantages and drawbacks. Body *Before the lesson: Print and cut Banking Timeline game cards H1. On the board draw a timeline beginning with the year 1750 and mark it every 50 years up until the year 2050 or use the Banking Timeline overhead D1 to project an enlarged timeline onto the wall/board. *Before the lesson: Print and cut each piece of the Bulletin Board N1, N2, N3 and N4. Laminate the Bulletin Board Clouds N3 and Bulletin Board Money Bags N4 for students to write information on with overhead projector markers. After teaching the lesson, assemble the bulletin board as a class. 1. Have students read Electronic Banking Bonanza information sheet F1 for homework. 2. Pair students in groups of two. a. Evenly distribute one or more of the Banking Timeline game cards H1 to each pair of students so all cards have been passed out. Take Charge Today Revised May 2010 Electronic Banking Bonanza Page 2
3 1.2.2 b. Allow a couple of minutes for the students to work with their partner to determine when on the timeline they think the statement on their card occurred. c. Have the students from each group place their card on the timeline. d. Use the Answer Key C1 to review the order of the events on the timeline. 3. Discuss changes in the banking industry. a. Did students know about all of the events described? b. Is it surprising when some of the advancements were developed? 4. Pass out the Electronic Banking Bonanza note taking guide L1 and instruct students to complete during the PowerPoint presentation. 5. Pass out the Bulletin Board Clouds N3 and Bulletin Board Money Bags N4 pieces to students. a. As electronic banking examples are discussed, have students write descriptions of each on the clouds with overhead projector markers. b. When safety tips are discussed, have students write the tips on the bags of money with overhead projector markers. 6. Present the Electronic Banking Bonanza PowerPoint presentation G1. a. Slides 1 2 : Title and Introduction b. Slide 3: E-Banking c. Slide 4: Why the Big Boom? d. Slide 5: Types of E-Banking e. Slide 6: Debit Cards i. Allow time for a student(s) to write the definition and additional information of a debit card on a cloud. f. Slide 7 8: ATMs i. Allow time for a student(s) to write the definition and additional information of an ATM on a cloud. g. Slide 9: How to use the ATM h. Slides 10-11: E-Banking Safety i. As each safety tip is discussed, allow time for a student(s) to write the tip on the money bags. i. Slide 12: Overdraft j. Slide 13: The Future of E-Banking k. Slide 14: Happy Trails 7. Have students brainstorm with their partner what banking advancement they think might be on the timeline in a. Allow each group to share. 8. Assemble the Bulletin Board pieces as a class. a. Bulletin Board N1 b. Bulletin Board N2 c. Bulletin Board N3 d. Bulletin Board N4 Conclusion Play Fly Swatter Facts to review electronic banking terminology and concepts. Refer to Fly Swatter Facts activity instructions J1. Assessment E-Banking Basics worksheet A1 Take Charge Today Revised May 2010 Electronic Banking Bonanza Page 3
4 1.2.2 Materials E-Banking Basics worksheet A1 Banking Timeline overhead D1 Electronic Banking Bonanza information sheet F1 Electronic Banking Bonanza PowerPoint presentation G1 Electronic Banking Bonanza note taking guide L1 Banking Timeline activity cards H1 Fly Swatter Facts activity instructions J1 Bulletin Board N1 Bulletin Board N2 Bulletin Board N3 Bulletin Board N4 2 Fly Swatters White Board/Markers Resources Introduction to Depository Institutions lesson plan For more information about Check 21, visit: For more information on the timeline of electronic banking events visit: PBS: Electric Money Take Charge Today Revised May 2010 Electronic Banking Bonanza Page 4
5 Total Points Earned 24 Total Points Possible Percentage Electronic Banking Bonanza L1 Note Taking Guide Name Date Class Directions: Complete the following note taking guide during the PowerPoint presentation. Each blank is worth 1 point. *What is electronic banking? *With e-banking, people can,,,, and. *What are the benefits of e-banking?,,, and. Debit Card PIN ATM Looks like: Stands for: Stands for: When a purchase is made, money is: PIN is used to confirm: What can a customer do at an ATM: Requires a to use. After a customer swipes the card to make a purchase, a PIN must be entered or the receipt. When would a fee be charged at an ATM? Take Charge Today Revised May 2010 Electronic Banking Bonanza Page 5
6 Electronic Banking Safety L1 Note Taking Guide *Sign the back of the cards and write. *Memorize the and keep it hidden *Write down the and financial institution. *Report cards to the financial institution immediately. Current Trends *If a consumer chooses to allow transactions to occur when there is not enough money in their account a charge of $ may be applied. *If a consumer chooses to not allow transactions to occur when there is not enough money in their account the transaction will be. Future Trends *E-banking is a continually changing market. One card is being developed to function as a,, and. *There may be a change from PIN accessed accounts to:,, and. *What other future trends do you predict in the next thirty years? Take Charge Today Revised May 2010 Electronic Banking Bonanza Page 6
7 1.2.2.A1 Worksheet E-Banking Basics Total Points Earned 24 Total Points Possible Percentage Name Date Class Directions: Circle a T if the statement is true and an F is the statement is false. If the statement is false change the statement so that it is correct (2 points each). 1. T F Memorize the PIN number and keep it in your wallet. 2. T F E-banking allows 24 hour access to bank accounts. 3. T F A PIN number is not needed for a debit card. 4. T F All ATM machines charge a fee to use them. 5. T F Sign the back of cards and write See ID. 6. T F Individuals can access their bank accounts worldwide using e-banking. 7. T F You may choose to have depository institutions cover your transaction if you don t have sufficient funds in your account. 8. T F A photo ID is always required to use a debit card. Directions: Match the following terms with their definitions (2 points each). 9. Money is automatically taken out of the account when a purchase is made. 10. A computer terminal that is used to make deposits or take cash out of a bank account. 11. Confirms the user of the card is authorized to access the account. 12. If a transaction is approved by a store and there was not enough money in the account to cover the purchase the consumer may be fined this amount of money. A. ATM B. PIN C. $20-30 D. Debit Card Take Charge Today Revised May 2010 Electronic Banking Bonanza Page 7
8 1.2.2.D1 Overhead Banking Timeline Take Charge Today May 2010 Electronic Banking Bonanza Page 8
9 1.2.2.H1 Activity Cards Able to carry your credit cards electronically on your cell phone. The first bank was established in the United States. Bank of America issues the first credit card. Debit cards are introduced. The first successful ATM installed in the USA. You can scan your fingerprint at the checkout stand to pay for items. Take Charge Today Revised May 2010 Electronic Banking Bonanza Page 9
10 The Card Act passed which provided consumers with a choice regarding overdraft protection. Ability to electronically pay your bills on line. The first mint in the United States opened in Philadelphia H1 Activity Cards Contactless payment cards and fobs are developed. Money can now be transferred electronically across computer terminals. Take Charge Today Revised May 2010 Electronic Banking Bonanza Page 10
11 1.2.2.C2 Answer Key Fly Swatter Facts Directions: Write terms from the list below randomly on the board. Divide the class as follows: each fly swatter fact board should have no more than 15 students. One student will be the facilitator for the board, and 7 students will be on the relay team for each board. The facilitator will read a definition/description from the list below. After the definition/description has been read, a student from each team can then walk to the board and swat the correct answer with his or her fly swatter. The student who swats the correct term first receives one point and erases the correct answer. The team with the most points wins. Materials: 2 fly swatters White board and markers Question/Statement 1. An electronic computer terminal used to make deposits or take cash out of a bank account. Answer 1. ATM 2. Personal Identification Number 2. PIN 3. Connected to the cardholder s bank account and used for purchases. 3. debit card 4. Provides consumers with a choice in regards to overdraft protection. 4. The Card Act 5. Authorizes bills to be paid automatically each month by a specified bank account. 5. direct payment 6. To whom should you report lost or stolen cards immediately? 6. your financial institution 7. Electronic access to bank accounts and cash, 24 hour access, moves money without paper. 8. Electronic banking allows access to money electronically in a fast and way. 9. Electronic banking uses to transfer funds electronically. 10. To use a debit card or ATM safely, sign the card and write. 11. Write down and store it in a safe location separate from the card in case the card becomes lost or stolen. 7. e-banking 8. paperless 9. computer terminals 10. see ID 11. card number and financial institution contact information Take Charge Today Revised May 2010 Electronic Banking Bonanza Page 11
12 1.2.2.F1 TAKE CHARGE TODAY Electronic Banking Bonanza What is E-Banking? Electronic banking or e-banking gives people access to bank accounts and cash in a fast and paperless way. Computer networks are used to transfer money electronically among bank accounts. E-banking allows a person to make withdrawals, deposits, and bill payments, check account balances, and transfer money over the phone, Internet, or at a store or automated teller machines (ATMs), rather than in person or through the mail.. Why can e-banking be more convenient than banking in person or through the mail? Benefits of E-Banking: 24 hour access Fast No paper Variety of methods Convenient Worldwide access Debit Card A debit card is a plastic card which looks like a credit card, but it is connected to the cardholder s bank account. When a purchase is made, money is automatically taken from the designated account. Some cards are dual function cards, meaning one card performs both ATM and debit card functions. Debit cards require using a personal identification number (PIN) to access an account to perform transactions. A PIN confirms that the user of the debit card is authorized to access the account. Debit cards can be used: At a store for purchases: These machines are located at a store and allows the customer to use a debit card to make purchases. At an automated teller machines (ATMs) or cash machines. ATMs Automated teller machines or cash machines are electronic computer terminals which offer automated, computerized banking. ATMs can be found in a variety of places including financial institutions, supermarkets, and convenience stores. ATMs offer simple and fast 24 hour access to bank accounts. ATMs can be accessed with an ATM or debit card and a PIN. Why is a PIN required when using an ATM? Take Charge Today Revised May 2010 Electronic Banking Bonanza Page 1
13 ELECTRONIC BANKING BONANZA F1 E-Banking Safety and Precautions Sign the back of the debit card and write See ID. Memorize the PIN and keep hidden. Do not write it down where the card is kept. Do not tell others the PIN. Shield the PIN with body when using ATMs. Do not give it out over the phone or through . Change the PIN if it is suspected someone else knows it. Report a lost or stolen card immediately! Write down the card number and financial institution contact information. Store financial institution and contact information in a safe place separate from the card in case the card is lost or stolen. Why is it important to sign the back of a debit card with See ID? Where is a safe place to store financial institution and card contact information? Overdraft An overdraft occurs when a consumer withdrawal from a bank account exceeds the available balance. As a result of The Card Act (effective 2010), Consumers must now choose to allow their depository institution to accept transactions which will exceed their available balance and be charged a $20-$30 transaction fee. Or, a consumer may choose to allow a transaction to be declined if there are not sufficient funds. However, debit card transactions may not clear the depository institution until the next business day depending upon how quickly a business processes its sales. For this reason it is important to know the account balance prior to making a debit card purchase. Future Trends Electronic banking is always changing. It is important to keep yourself informed of new advancements in technology to keep up with the banking industry! In the future we may see a change from PIN accessed accounts to fingerprint, hand or voice scans. Some companies may move towards one card that acts as a smart card, debit card, credit, and ATM card all in one! Take Charge Today Revised May 2010 Electronic Banking Bonanza Page 2
Table of Contents. Money Smart for Adults Curriculum Page 2 of 21
Table of Contents Checking In... 3 Pre-Test... 4 Introduction to Banks... 6 Types of Financial Institutions... 6 Opening and Maintaining a Bank Account... 7 Choosing a Bank and a Bank Account Checklist...
More informationFEDERAL ELECTRONIC FUND TRANSFER DISCLOSURES
FEDERAL ELECTRONIC FUND TRANSFER DISCLOSURES IMPORTANT INFORMATION for our customers who have authorized electronic fund transfers: The Federal Electronic Fund Transfer Act and regulations adopted thereunder
More informationChecking Account & Debit Card Simulation. Understanding Checking Accounts and Debit Card Transactions
Checking Account & Debit Card Simulation Understanding Checking Accounts and Debit Card Transactions What is a Checking Account? Common financial service used by many consumers Funds are easily accessed
More informationWhat is a Checking Account? Checking Account & Debit Card Simulation. What is a Check? Bouncing a Check. Other Checking Components
Checking Account & Debit Card Simulation Understanding Checking Accounts and Debit Card Transactions What is a Checking Account? Common financial service used by many consumers Funds are easily accessed
More informationwww.fpcu.org RELOADABLE PREPAID CARD
www.fpcu.org RELOADABLE PREPAID CARD terms AND CONDITIONS Effective 5.1.12 The following are your Financial Partners Credit Union MASTERCARD Reloadable Prepaid Card Terms and Conditions. Except as the
More informationChecking Account & Debit Card Simulation and Student Worksheet. Understanding Checking Accounts and Debit Card Transactions
Checking Account & Debit Card Simulation and Student Worksheet Understanding Checking Accounts and Debit Card Transactions What is a Checking Account? Common financial service used by many consumers Funds
More informationipayu TM Prepaid MasterCard FREQUENTLY ASKED QUESTIONS
ipayu TM Prepaid MasterCard FREQUENTLY ASKED QUESTIONS What is the ipayu Prepaid The ipayu Prepaid MasterCard provides parents with a convenient, safe way to send money to their students. Students can
More informationDiving Into Spending Plans Grade Level 7-9
2.15.1 Diving Into Spending Plans Grade Level 7-9 Get Ready to Take Charge of Your Finances Time to complete: 60 minutes National Content Standards Family and Consumer Science Standards: 1.1.6, 2.1.1,
More informationIMPORTANT ACCOUNT INFORMATION FOR OUR CUSTOMERS from
IMPORTANT ACCOUNT INFORMATION FOR OUR CUSTOMERS from First Security Bank of Deer Lodge 311 Milwaukee Ave P.O. Box 629 Deer Lodge, MT 59722 (406)846-2300 ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES
More informationStandard 4: The student will demonstrate the ability to balance a checkbook and reconcile financial accounts. Standard 4.
TEACHER GUIDE 4.1 MANAGING A BANK ACCOUNT PAGE 1 Standard 4: The student will demonstrate the ability to balance a checkbook and reconcile financial accounts. Standard 4. Tracking Your Money Priority Academic
More informationShare Draft/Checking Account Basics
Goals Share Draft/Checking Account Basics By the end of this session, students will be able to explain and understand: How and why checks are used What factors to compare when shopping for an account How
More informationStandard 4: The student will demonstrate the ability to balance a checkbook and reconcile financial accounts. Standard 4.
STUDENT MODULE 4.1 MANAGING A BANK ACCOUNT PAGE 1 Standard 4: The student will demonstrate the ability to balance a checkbook and reconcile financial accounts. Standard 4. Tracking Your Money Alexis stops
More informationMany of these tips are just common sense and others are tips to keep in mind when doing a transaction, at ATMs, restaurants and merchants.
Credit and Debit Card Security Tips Many of these tips are just common sense and others are tips to keep in mind when doing a transaction, at ATMs, restaurants and merchants. Be careful with your PIN Always
More informationDebit MasterCard Application
Debit MasterCard Application This application is for a Devon Bank Debit MasterCard. In order to issue a personalized, individual card to either signer of a joint account, each owner must fill out a separate
More informationANZ EFTPOS card and ANZ Visa Debit card
ANZ EFTPOS card and ANZ Visa Debit card Conditions of Use Where to find things in this document What you need to know about these Conditions of Use...1 How to contact us...1 A glossary of the terms we
More informationPrairie State Bank & Trust ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES
Prairie State Bank & Trust ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES The Electronic Fund Transfers Prairie State Bank & Trust (referred to as Bank, we, our, or us ) is capable of handling
More informationDEBIT/ATM CARD APPLICATION
DEBIT/ATM CARD APPLICATION APPLICANT: Last Name: First Name: M.I. Street Address: Apt. # / PO Box: City: State: Zip: Day Telephone #: Evening Telephone # Debit Card ATM Card SECOND APPLICANT: Last Name:
More informationElectronic Fund Transfers Disclosure
Electronic Fund Transfers Disclosure The Electronic Fund Transfers we are capable of handling for consumers are indicated below, some of which may not apply to your account. Some of these may not be available
More informationElectronic Funds Transfer Your Rights and Responsibilities From Security First Bank 5505 Red Rock Lane Lincoln, NE 68516
Electronic Funds Transfer Your Rights and Responsibilities From Security First Bank 5505 Red Rock Lane Lincoln, NE 68516 Indicated below are types of Electronic Fund Transfers we are capable of handling,
More informationELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE
ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE This Electronic Fund Transfers Agreement and Disclosure governs your use of any of the following electronic fund transfers (EFT) services (some of which
More informationUneasy about getting started? Not to worry. SageLink Credit Union has trained employees to help you every step of the way.
Checking If you re like most young adults, you spend a lot of time thinking about money. How to get money? What to spend your money on? Where to keep your money in between? A MoneyLink Checking account
More informationChecking 101. Property of Penn State Federal Credit Union
Checking 101 Checking 101 Checking Account Basics A check is a written order that represents cash Credit Union checking accounts are also called SHARE DRAFT accounts A share draft is equivalent to a check,
More informationBENEFITS GUIDE. BMO Prepaid Travel. MasterCard. Your travel payment card
BENEFITS GUIDE BMO Prepaid Travel * MasterCard Your travel payment card WELCOME! GET READY TO USE YOUR CARD WITH COMPLETE PEACE OF MIND. You ve just received your new BMO Prepaid Travel MasterCard the
More informationPRACTICAL MONEY GUIDES DEBIT CARD BASICS. What you need to know about using your debit card
PRACTICAL MONEY GUIDES DEBIT CARD BASICS What you need to know about using your debit card MONEY IN THE BANK If credit cards mean pay later, debit cards mean pay now. These cards are issued by your bank,
More informationThe Merchant. Skimming is No Laughing Matter. A hand held skimming device. These devices can easily be purchased online.
1 February 2010 Volume 2, Issue 1 The Merchant Serving Florida State University s Payment Card Community Individual Highlights: Skimming Scam 1 Skimming at Work 2 Safe at Home 3 Read your Statement 4 Useful
More informationChecking Account. Money Smarts for Kids. Money Skills for Life. Member FDIC. Welcome! What Is a Checking Account? Why Is a Checking Account So Great?
Checking Account Welcome! Welcome to Young Americans Bank, the only bank in the world designed specifically for young people! Mr. Bill Daniels started Young Americans Bank in 1987 because he thought it
More informationHow does the EMV Travel Prepaid Card work?
How does the EMV Travel Prepaid Card work? The EMV Travel Prepaid Card is a reloadable prepaid Visa Reloadable EMV Travel Prepaid Card, which means you can spend up to the value placed on the card anywhere
More informationRegulation E Disclosure
Regulation E Disclosure Electronic fund Transfers Your rights and Responsibilities The Electronic Fund Transfers we are capable of handling for consumers are indicated below, some of which may not apply
More informationLesson Description. Texas Essential Knowledge and Skills (Target standards) Texas Essential Knowledge and Skills (Prerequisite standards)
Lesson Description This lesson gives students the opportunity to explore the different methods a consumer can pay for goods and services. Students first identify something they want to purchase. They then
More informationChecking 101. Checking Out Checking Accounts
Checking 101 Checking Out Checking Accounts Checking Account Basics A check is a written order that represents cash Credit Union checking accounts are also called SHARE DRAFT accounts A share draft is
More informationPrairie State Bank & Trust ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES
Prairie State Bank & Trust ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES The Electronic Fund Transfers Prairie State Bank & Trust (referred to as Bank, we, our, or us ) is capable of handling
More informationRegulation E Electronic Funds Transfer Agreement & Disclosure
Regulation E Electronic Funds Transfer Agreement & Disclosure This Agreement and Disclosure is made in compliance with federal law regulating electronic funds transfer (EFT) services. Electronic Funds
More informationELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES
ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this
More informationElectronic Benefits Transfer (EBT) How To Use Your Benefit Card To Get Food Stamp and/or Cash Benefits. Pub-4596 (Rev. 04/08)
Electronic Benefits Transfer (EBT) How To Use Your Benefit Card To Get Food Stamp and/or Cash Benefits Pub-4596 (Rev. 04/08) YOUR BENEFIT CARD Keep your card in your card sleeve and in a safe place when
More informationREGULATION E DISCLOSURE
MIDLAND NATIONAL BANK 527 N MAIN STREET PO BOX 427 NEWTON KS 67114 (316)283 1700 REGULATION E DISCLOSURE ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE For purposes of this disclosure and agreement
More informationGeneral. Q. Where do I send a pay-off? A. Payoffs can be given to a Member Service Representative at the branch or mailed to:
General Q. What is a credit union? A. A credit union is a not-for-profit organization that is owned by its members. The primary function of the credit union is to serve its members. Credit unions focus
More informationAre there any special types of transactions I should know about before I shop with my ATIRAreload card?
Frequently Asked Questions about your ATIRAreload Card How does my ATIRAreload card work? Your ATIRAreload card is a Visa prepaid card. Money available for spending is determined by the amount of money
More informationPersonal Financial Literacy
Personal Financial Literacy 7 Unit Overview Being financially literate means taking responsibility for learning how to manage your money. In this unit, you will learn about banking services that can help
More informationKnow Your Rights and Responsibilities Electronic Funds Transfer Disclosure
Know Your Rights and Responsibilities Electronic Funds Transfer Disclosure 100 East Water Street Sandusky, OH 44870 ELECTRONIC FUND TRANSFERS Your Rights and Responsibilities Indicated below are types
More informationELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE PERSONAL CHECK and/or ATM CARD
ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE PERSONAL CHECK and/or ATM CARD This agreement and disclosure applies to payment orders and funds transfers governed by the Electronic Fund Transfer Act.
More informationELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE
ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE This Electronic Fund Transfers Agreement and Disclosure is the contract which covers your and our rights and responsibilities concerning the electronic
More informationUsing Banking Services
Teacher's Guide $ Lesson Six Using Banking Services 04/09 using banking services websites websites for banking services The internet is probably the most extensive and dynamic source of information in
More informationIntroduction to Savings and Checking Accounts
Introduction to Savings and Checking Accounts LESSON PREPARATION AND TEACHER INFORMATION Lesson Summary: This lesson is intended for elementary students during a forty minute time period. The lesson teaches
More informationBANKING BASICS WHY YOU WANT TO KEEP YOUR MONEY IN THE BANK
BANKING BASICS WHY YOU WANT TO KEEP YOUR MONEY IN THE BANK REASONS TO KEEP MONEY IN A BANK Why keep your money in a bank? Safety Convenience Cost Security Financial Future BENEFITS OF CHECKING ACCOUNTS
More informationElectronic Funds Transfer
Electronic Funds Transfer Types of Transfers, Frequency and Dollar Limitations Prearranged Transfers Preauthorized Credits. You may make arrangements for certain direct deposits to be accepted into your
More informationNORTHPOINTE BANK. Northpointe Liquid High Yield Money Market Account
NORTHPOINTE BANK Northpointe Liquid High Yield Money Market Account ELECTRONIC FUND TRANSFERS The terms and conditions in this agreement are in addition to those that apply to any deposit or credit account
More informationANZ Bank New Zealand Limited ANZ17881
ANZ Credit Card Conditions of Use Effective 9 December 2015 This document sets out your ANZ Credit Card s terms and conditions In this document we ve explained the terms and conditions applying to your
More informationIMPORTANT ACCOUNT INFORMATION FOR OUR CUSTOMERS from. State Bank 25 North Chestnut Ave New Hampton, IA 50659-0070 (319)352-6000
IMPORTANT ACCOUNT INFORMATION FOR OUR CUSTOMERS from State Bank 25 North Chestnut Ave New Hampton, IA 50659-0070 (319)352-6000 ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES Indicated below
More informationElectronic Funds Transfer, Internet and Mobile Banking Agreement and Disclosure For Personal Accounts
Electronic Funds Transfer, Internet and Mobile Banking Agreement and Disclosure For Personal Accounts First State Bank Central Texas offers the highest quality banking products and services available.
More informationChecking Account and Debit Card Simulation
Checking Account and Debit Card Simulation Student Instructions and Worksheets Introductory Level Take Charge Today May 2006 Checking Account & Debit Card Simulation Page 1 Checking Account Student Instructions
More informationElectronic Funds Transfer Agreement and Disclosure
Electronic Funds Transfer Agreement and Disclosure This Electronic Funds Transfer Agreement is the contract which covers your and our rights and responsibilities concerning the electronic funds transfer
More informationLesson Description. Texas Essential Knowledge and Skills (Target standards) National Standards (Supporting standards)
Lesson Description The students will share their base knowledge of payment options through a sorting activity. Students will brainstorm with groups to discuss the differences between debit and credit cards.
More informationChoosing and Using a Checking Account
LESSON 8 Choosing and Using a Checking Account LESSON DESCRIPTION AND BACKGROUND The students learn the fundamentals of maintaining a checking account. They examine electronic banking methods, the writing
More informationFINANCIAL/BANKING LITERACY ASSISTANCE FOR LATINO AMERICANS
FINANCIAL/BANKING LITERACY ASSISTANCE FOR LATINO AMERICANS REASONS WHY YOU SHOULD OPEN A BANK ACCOUNT Safety Carrying cash on payday or keeping large amounts of money at home or in your wallet can make
More information2. Practice Set (9 months of checkbook management) 3. Computer, Microsoft Word, and email 4. Computer and Excel software program and email
1 Section 2 Bank Services/Checking Accounts Title of Lesson/Subject: Checkbook Management 2 Prepared by: Contact Information E-mail address: Phone: Time Allotment: Grade Level: 2 weeks Sophomores ND Standards
More informationInstructor Guide Building: Knowledge, Security, Confidence FDIC Financial Education Curriculum
Bank On It Building: Knowledge, Security, Confidence FDIC Financial Education Curriculum TABLE OF CONTENTS Page Module Overview 1 Purpose 1 Objectives 1 Time 1 Materials and Equipment Needed to Present
More informationRBCU Online/Mobile Banking Access Agreement
RBCU Online/Mobile Banking Access Agreement I. Introduction II. Accessing Your RBCU Accounts through RBCU Online/Mobile Banking A. Required Equipment B. Electronic Mail (E-mail) C. Fees D. New Services
More informationHow to manage manage your your checking checking account. account.
How How to manage to manage your your checking checking account. account. Introduction Welcome to Desert Schools Federal Credit Union. Congratulations on your first checking account! It s the perfect time
More informationPulaski Bank. www.pulaskibankstl.com. Electronic Funds Transfer ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE
www.pulaskibankstl.com Electronic Funds Transfer ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE For purposes of this disclosure and agreement the terms "we", "us" and "our" refer to. The terms "you"
More informationIMPORTANT ACCOUNT INFORMATION FOR OUR CUSTOMERS from. The Roscoe State Bank 117 Cypress St. Roscoe, TX 79545 (325)766-3311
IMPORTANT ACCOUNT INFORMATION FOR OUR CUSTOMERS from The Roscoe State Bank 117 Cypress St. Roscoe, TX 79545 (325)766-3311 ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES Indicated below are
More informationAnytime Adviser Checking Account Coach
Anytime Adviser Checking Account Coach Welcome. This interactive guide coaches you in managing your checking account. You may move from chapter to chapter by selecting headings from the left. Click on
More informationAbington Bank 6 Harrison Avenue Abington, MA 02351 781 878 0045 TheAbingtonBank.com ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE
Abington Bank 781 878 0045 TheAbingtonBank.com ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE For purposes of this disclosure and agreement the terms "we", "us" and "our" refer to Abington Bank. The
More informationELECTRONIC FUND TRANSFERS Your Rights & Responsibilities (Visa, Automated Teller Machines, EFT, ACH, TAP, Home Banking, etc.)
ELECTRONIC FUND TRANSFERS Your Rights & Responsibilities (Visa, Automated Teller Machines, EFT, ACH, TAP, Home Banking, etc.) To establish the rights of a person using electronic money transfers and the
More informationChoosing and Using a Checking Account
LESSON 8 Choosing and Using a Checking Account Introduction Buying a new mp3 player is not a snap decision. You have to know the storage capacity of the player the larger the capacity, the more music and
More informationArab Bank Cards User Guide
Arab Bank Cards User Guide 4600900 arabbank.jo A card to suit every lifestyle Coming to you from the largest Arab banking network, Arab Bank Cards entitle you to a host of benefits designed to offer you
More informationELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES
ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this
More informationTALKING POINTS HIGH SCHOOL STUDENTS PRESENTED BY JEAN CHATZKY AND PASS FROM AMERICAN EXPRESS SM
INTRODUCTION Give your kids a heads-up that tonight you re going to make some time to talk about money. It won t take all night, but they should finish their homework, tell their friends they re not available,
More informationBanking 101 guide Banking can be confusing!
Banking 101 Guide Banking can be confusing! To make it easier, we ve compiled this guide and a list of common banking terms and definitions associated with Higher One and your Higher One checking account.
More informationVocabulary Financial Institutions Student Worksheet
Vocabulary Student Worksheet Page 1 Name Period Primary 1. Bounced Check: Vocabulary Financial Institutions Student Worksheet 2. ATM Charge: 3. Stop Payment Fee: 4. Travelers Checks: 5. ATM: 6. FDIC: 7.
More informationCard & Intesa Sanpaolo Bank Albania Network Frequently Asked Questions
Card & Intesa Sanpaolo Bank Albania Network Frequently Asked Questions What is a card? A card is any VISA or MasterCard card issued by Intesa Sanpaolo Bank Albania. A card bearing the VISA logo can be
More informationBanking Bingo Procedures
Banking Bingo Procedures There are 40 unique Banking Bingo cards, which include vocabulary covered during Lesson 2 (In the Aftermath). Print and distribute one card per student. Tell students that you
More informationKnow about financial documents Unit 2 Learn about managing money Instructions and answers for teachers
Know about financial documents Unit 2 Learn about managing money Instructions and answers for teachers These instructions should accompany the OCR Lesson Element Know about financial documents, which supports
More informationELECTRONIC FUNDS TRANSFERS AGREEMENT YOUR RIGHTS AND RESPONSIBILITIES
ELECTRONIC FUNDS TRANSFERS AGREEMENT YOUR RIGHTS AND RESPONSIBILITIES Indicated below are types of Electronic Funds Transfers we are capable of handling, some of which may not apply to your account. Please
More informationELECTRONIC FUNDS TRANSFER
ELECTRONIC FUNDS TRANSFER Ledyard National Bank Main Street Hanover Office 38 S Main St Hanover, NH 03755 June 25, 2012 This disclosure contains information about terms, fees, and interest rates for some
More informationHow To Understand How To Get A Bank Account
Opening a Bank Account Section Objectives A basic component in establishing financial independence is Opening a Bank Account. Banking services are essential tools for managing personal finances and building
More informationTake Charge of Your Own Checking Account ASSESSMENT ONE: Assessment #1
Assessment #1 ASSESSMENT ONE: Knowledge ο T / F You can only deposit checks into a checking account. ο T / F When using a debit card to make a purchase, the money will immediately be be withdrawn from
More informationBurke and Herbert Bank 100 S. Fairfax Street Alexandria, VA 22314 (703) 684-1655 www.burkeandherbertbank.com ELECTRONIC FUND TRANSFER DISCLOSURE
Burke and Herbert Bank 100 S. Fairfax Street Alexandria, VA 22314 (703) 684-1655 www.burkeandherbertbank.com ELECTRONIC FUND TRANSFER DISCLOSURE For purposes of this disclosure the terms "we", "us" and
More informationu.s. bank focus card Frequently Asked Questions The Focus Card What is the Focus Card? How does the Focus Card work?
Frequently Asked Questions What is the Focus Card? The Focus Card is a reloadable, prepaid debit card issued by U.S. Bank. It provides an electronic option for receiving your pay. It is not a credit card,
More informationApplication for Bank of Pontiac NetTeller Services Internet Banking and Bill Pay
Application for Bank of Pontiac NetTeller Services Internet Banking and Bill Pay Please print, complete, and bring this form to any Bank of Pontiac location. You will receive your User ID and PIN via regular
More informationCHECKING BASICS101. 701.255.0042 www.capcu.org
CHECKING BASICS101 701.255.0042 www.capcu.org This book is intended as a general guide to the topics discussed, and it does not deliver accounting, personal finance, or legal advice. It is not intended,
More informationNordea Pankki Suomi Oyj HKO112 5/14. Nordea MasterCard. Cardholder s guide
Nordea Pankki Suomi Oyj HKO112 5/14 Nordea MasterCard Cardholder s guide With Nordea MasterCard you can pay for products and services in Finland, abroad and on the Internet. If you have any questions about
More information*DD8108* ELECTRONIC FUND TRANSFER DISCLOSURE
ELECTRONIC FUND TRANSFER DISCLOSURE For purposes of this disclosure the terms "we", "us" and "our" refer to Central National Bank. The terms "you" and "your" refer to the recipient of this disclosure.
More informationIf you would like translation assistance, please contact HR Direct at 866-473-4728.
Dear Associate, Limited Brands offers two cost effective, environmentally friendly ways of delivering associates pay. You can choose the option that makes sense for you: either direct deposit or a Visa
More informationIMPORTANT ACCOUNT INFORMATION FOR OUR CUSTOMERS from. First National Bank 729 W 7th (Home Office) SPEARMAN, TX 79081 (806)659-5544
IMPORTANT ACCOUNT INFORMATION FOR OUR CUSTOMERS from First National Bank 729 W 7th (Home Office) SPEARMAN, TX 79081 (806)659-5544 ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES Indicated below
More informationSTATE BANK OF SPRING HILL INTERNET BANKING AGREEMENT WWW.SBSH-KS.COM Internet banking is not available to children under 18 years of age.
STATE BANK OF SPRING HILL INTERNET BANKING AGREEMENT WWW.SBSH-KS.COM Internet banking is not available to children under 18 years of age. PLEASE READ THIS AGREEMENT CAREFULLY AND KEEP A COPY FOR YOUR RECORDS.
More informationMerchants Bank, National Association With our corporate office located at: 102 East Third St, Winona, MN 55987, 507-457-1100, toll-free 800-944-6285
Electronic Funds Transfer Disclosure Merchants Bank, National Association With our corporate office located at: 102 East Third St, Winona, MN 55987, 507-457-1100, toll-free 800-944-6285 All locations:
More informationChecking Account and Debit Card Simulation
Checking Account and Debit Card Simulation Student Instructions and Worksheets Get Ready to Take Charge of Your Finances Family Economics & Financial Education May 2006 Get Ready to Take Charge of Your
More informationELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES
ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES The Electronic Fund Transfers we are capable of handling are indicated below, some of which may not apply to your account. Direct Deposits you
More informationDEBIT MASTERCARD APPLICATION
DEBIT MASTERCARD APPLICATION Hickory Point Bank s Debit MasterCard - the only card you need Our Debit MasterCard gives you a fast, economical and convenient way to purchase the products and services you
More informationUnderstand numbers, ways of representing numbers, relationships among numbers, and number systems
Equivalent Fractions and Comparing Fractions: Are You My Equal? Brief Overview: This four day lesson plan will explore the mathematical concept of identifying equivalent fractions and using this knowledge
More informationFrequently Asked. Questions. Cash Solution TM PIN Prepaid Debit Card
0 Frequently Asked Questions TM Cash Solution TM PIN Prepaid Debit Card Frequently Asked Questions About this booklet Moneytree has compiled the information in this booklet to help you understand and use
More informationDEBIT CARD AGREEMENT AND DISCLOSURE
DEBIT CARD AGREEMENT AND DISCLOSURE Your Rights and Responsibilities The purpose of this disclosure is to make you aware of your rights and responsibilities when using our Debit Card. You have applied
More informationIndependent Bank 230 W Main St Ionia, MI 48846 800.300.3193 www.independentbank.com ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE
230 W Main St Ionia, MI 48846 800.300.3193 www.independentbank.com ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE For purposes of this disclosure and agreement the terms "we", "us" and "our" refer to
More informationMoney & Banking. Copyright 2005 Literacy Volunteers of DuPage
Money & Banking Copyright 2005 Literacy Volunteers of DuPage INTRODUCTION Before tutors and students can begin planning lessons, goals need to be set according to those expressed by the student and his/her
More informationATM AGREEMENT AND DISCLOSURE
This ATM (Automated Teller Machine) Agreement and Disclosure is the contract which covers your and our rights and responsibilities concerning the ATM services offered to you by IH Credit Union, Inc. (
More information1.4. Will my Social Security and Supplemental Security Income benefits be safe?
1. OVERVIEW 1.1. What is the Direct Express card? The Direct Express card is a prepaid debit card available to Social Security and Supplemental Security Income check recipients who wish to receive their
More informationELECTRONIC FUNDS TRANSFER (and Error Resolution) DISCLOSURE (Rev. Nov. 6, 2008)
ELECTRONIC FUNDS TRANSFER (and Error Resolution) DISCLOSURE (Rev. Nov. 6, 2008) Deseret First Federal Credit Union s (DFFCU) Agreement and Disclosures are in compliance with federal law regulating electronic
More informationFrontier State Bank ELECTRONIC FUNDS TRANSFER
Frontier State Bank ELECTRONIC FUNDS TRANSFER YOUR DEISCLOSURE STATEMENT AND AGREEMENT FOR TRANSFUND CARD, DEBIT CARD AND OTHER ELECTRONIC FUND TRANSFER SERVICES This is a Disclosure Statement and Agreement
More informationInternational Travel Tips. Get the most from your Visa card
International Travel Tips Get the most from your Visa card Using Your Visa Card to Make Purchases Abroad Your Visa card is accepted at millions of places worldwide, making it a safe and convenient way
More informationARGENT FEDERAL CREDIT UNION ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE
ARGENT FEDERAL CREDIT UNION ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE This Electronic Funds Transfer Agreement is the contract which covers your and our rights and responsibilities concerning
More information