Banking Services What Banks Offer

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Banking Services What Banks Offer

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are the most widely used service that a bank offers. Student. Senior Citizen 'Totally Free' ... Locations locally and nationally. Satellite Branches ... – PowerPoint PPT presentation

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Title: Banking Services What Banks Offer


1
Banking Services What Banks Offer
Banks are wanting your business.. ..therefore
they offer much more than traditional accounts!
2
Banking Services What Banks Offer
  • Checking Accounts A banking service where money
    is
  • deposited into an account and checks can be
    written
  • to withdraw money from the account. Checking
    accounts
  • are the most widely used service that a bank
    offers.
  • Student
  • Senior Citizen
  • Totally Free
  • Business
  • Interest Bearing

3
Banking Services What Banks Offer
  • Savings Accounts An account that encourages
    saving
  • rather than spending. Savings accounts pay
    interest
  • on the amount of money you have in your account.
  • Different types of savings accounts are
  • Traditional
  • 529 Educational Savings
  • Senior Citizens
  • Goal Setter

4
Banking Services The Checking Account
  • Credit Cards Debit Cards
  • Credit Cards Allows you to buy now, and pay
    later.
  • If full payment isnt made within a certain
    period of
  • Time (usually 30-45 days), you are charged
    interest.
  • Debit Cards Allows you to buy now, but pay now!
  • Debit cards are attached to a checking account.
    Money
  • Is electronically transferred to your account to
    the vendor
  • to pay for purchases. Debit and credit cards
    are
  • Convenient
  • Safer than cash

BE CAREFUL!
5
Banking Services What Banks Offer
  • Certificates of Deposits
  • A safe way to invest your money when you are able
    to
  • set aside your money for a period of time.
  • Characteristics of Certificates of Deposits (CDs)
  • CDs have different time spans
  • Pay a higher percent of interest than saving
    accounts
  • Money is committed for a period of time
  • Safe

6
Banking Services What Banks Offer
  • FDIC Federal Deposit Insurance Corporation
  • A U.S. Government agency that insures cash
    deposits,
  • including CDs, that have been placed in member
    institutions.
  • The insured amount is 100,000 for each account.
  • The FDICs mission is to maintain stability of
    and public con-
  • fidence in the US banking system.

7
Banking Services The Checking Account
  • Loans
  • Banks loan money for many different reasons
  • Home/Mortgage
  • Cars
  • Home improvements
  • Vacations
  • Education
  • Anything!
  • This service is one major way that banks make
    money!

8
Banking Services The Checking Account
On-line Banking Sometimes know as Internet
Banking. Gives you greater control of your
finances, plus giving you The convenience of 24/7
access to your accounts. Its safe and usually
free.
9
Banking Services The Checking Account
  • On-line Banking, contd.
  • What you can do with on-line banking
  • Pay anyone, anytime and set up automatic pay
    dates
  • Monitor your accounts in one location
  • Automatically transfer funds
  • Check balances
  • Other options

10
Banking Services The Checking Account
  • Discount Brokerage Services
  • A bank service that allows their customers to buy
    and
  • sell stocks and bonds. Banks usually have
    separate
  • departments that handle advice for buying and
  • selling of stocks.

11
Banking Services The Checking Account
Automatic Teller Machines (ATMs) Banks strive to
meet the convenience of their customers,
therefore offering ATM machines at
MANY Locationslocally and nationally. Satellite
Branches Banks are offering smaller branches in
rented spaces (I.e., grocery stores,
department stores, malls, etc.)
12
Banking Services The Checking Account
  • Financial Planning
  • Most banks offer financial planning services for
    different
  • occasions
  • Retirement
  • Education
  • Investments
  • Money Management

13
Banking Services The Checking Account
Other Services
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