Banking. Why banks? Security: FDIC (Federal Deposit Insurance Commission), insured up to $250,000 ...

5
Banking

Transcript of Banking. Why banks? Security: FDIC (Federal Deposit Insurance Commission), insured up to $250,000 ...

Page 1: Banking. Why banks?  Security: FDIC (Federal Deposit Insurance Commission), insured up to $250,000  Convenience- access your money almost anywhere

Banking

Page 2: Banking. Why banks?  Security: FDIC (Federal Deposit Insurance Commission), insured up to $250,000  Convenience- access your money almost anywhere

Why banks? Security: FDIC (Federal Deposit

Insurance Commission), insured up to $250,000

Convenience- access your money almost anywhere

Saving and investment purposes

Page 3: Banking. Why banks?  Security: FDIC (Federal Deposit Insurance Commission), insured up to $250,000  Convenience- access your money almost anywhere

What to consider when deciding on a bank Member of the FDIC Location Size Fees Personal use/preferences Wealth and worth Deposits

Page 4: Banking. Why banks?  Security: FDIC (Federal Deposit Insurance Commission), insured up to $250,000  Convenience- access your money almost anywhere

What do I need to apply for a bank account? Opening deposit Identification Contact information

Page 5: Banking. Why banks?  Security: FDIC (Federal Deposit Insurance Commission), insured up to $250,000  Convenience- access your money almost anywhere

What are some common bank fees? Maintenance fees Not sufficient Funds (NSF) Check-printing fees Automated Teller Machine (ATM) Overdraft fees Stop payment fees Early withdrawal fees Low-balance checking accounts