MONEY MATTERS

1
MONEY MATTERS

• Coffee house
• GITC 3720/3730/3730.

2
SELECTION OF BANKS

• The motto "location, location, location" should
  hold true with student banking.
• The second thing you need to take into
  consideration is the location of Automated Teller
  Machines (ATMs) that you will use most often to
  access your banking account while in school.
• You should look for an institution that offers a
  full suite of products for you to choose from,
  including checking accounts, savings accounts,
  online banking accounts complete with e-bill pay
  options, credit cards and student loans if that
  pertains to you.
• Still can't make a decision about the best
  student banking options for you? Then it's time
  to talk to someone.

3
When choosing an account

• No minimum balance requirement
• Free ATM/check card
• Free ATM usage (at ATMs that belong to that
  financial institution)
• Free online checking account
• Free online eBill Pay
• Free direct deposit

4
BANKS

• Bank of America-Has 10 Atm location and banking
  centers within a 1mile radius.
• Wachovia-Has 11 Atm location and banking centers
  within a 1 mile radius. Two Atms here at the
  college.

5
Credit Card Basics

• When you use a credit card, you are in fact
  taking out a loan. Credit card companies must
  make money on what they lend you therefore they
  charge you interest and fees. Those are probably
  the most important factors to consider when
  choosing a credit card.

6
Choosing the right credit card

• What is the APR (Annual Percentage Rate) I will
  have to pay? How long before I have to start
  paying it?
• Is there an annual fee for the card?
• Is there a fee for balance transfers?
• Do I need good credit to apply? Or a cosigner?
• Can I afford to pay more than just the minimum
  payment each month?
• What rewards/benefits will I receive?

7
MONEY TRANSFERS

• Western union
• Money gram
• Wire transfers

8
Plastic money versus cash

• Get to know when its advantageous to use cash and
  when to use debit or credit cards.
• Most outlets around campus require you have cash.

9
website

• http//www.studentfinancedomain.com