Send the link below via email or IMCopy
Present to your audienceStart remote presentation
- Invited audience members will follow you as you navigate and present
- People invited to a presentation do not need a Prezi account
- This link expires 10 minutes after you close the presentation
- A maximum of 30 users can follow your presentation
- Learn more about this feature in our knowledge base article
Do you really want to delete this prezi?
Neither you, nor the coeditors you shared it with will be able to recover it again.
Make your likes visible on Facebook?
Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.
Transcript of Banking
Miranda Waldroop Bank, First Tennessee. First Tennessee. 2013. Informational Link 24 February 2013. This can include such things as
lunch, going to movies, getting gas, etc.. Banking Work Cited Daily Cash
Needs: 1) Daily Cash Needs
2) Types of Financial Services
3) Electronic Banking Services
4) Other Services Offered By Various Banks You can pay for these things using cash, credit/debit cards, checks No matter what you use, keep track of your spending and budget for short and long-term goals. Also consider, where is your money? Types of Financial Services The three main groups: Savings, Payment Services, and Borrowing Savings A savings account is also considered a time deposit due to money drawing interest over a set of time. Common Facts about Savings Usual cost to start is $50.00-$100.00 and there is no typical minimum balance Comes with am ATM card with up to three free withdraws from home bank and various charges at other ATM's The more money you have, the more interest you earn, each bank has various frame of time and earning. The goal of a savings is to have stored money for a "rainy day budget". Another type of savings is
Certificate of Deposit(CD) A CD bears a maturity fate and a specified fixed interest rate. The date can range from a month to several years. There is a typical penalty charge if the CD is interrupted before its cycle. Payment Services This is typically how payments are made on a
day-to-day basis A common method is the use of a checking account (known as direct deposit). A typical bank will have several checking accounts such as students, classic, preferred, and an overall plus package. Electronic Banking Service Electronic banking is the use of computer to carry out banking transactions such as withdrawals through cash dispensers or transfer of funds at point of sale. The four common features of electronic banking is: direct deposit, automated teller machines (ATM's), and plastic payments. Direct Deposit The is an automatic deposit of net pay to an employee's designated bank account. So, instead of receiving a check, employee's will receive a printed statement that list deductions and information about their earnings. There is usually no charge for direct deposits and transition takes no longer than a day and as little time as a click of the button. This feature is becoming standard at most places of occupations especially for government or health related jobs. Automated Teller Machines (ATM's) An ATM is computerized machine that performs transactions between bank account. They are accessed using a debit card, which you apply for and receive, by your bank for your specific account. Each machine has a fee. Sometimes your own bank will allow you a set number of free transactions, but if you access your money at another ATM than a small fee will be charged. Fees range from $1.00- up depending on the bank. If you ever lose your debt card, report it IMMEDIATELY to your bank. Plastic Payments A point-of-sale transaction is a purchase by debit card of a good or service at a retail store, a restaurant, or elsewhere. You can have two options: offline or online An online card works like an ATM card. You can use your PIN and have the money transferred instantly. An Offline requires no PIN and it can take a day or two to reflect on your account. Services Offered by Various Banks Investment Opportunities Loans Insurance Policies Retirement
Plans Business Dictionary. 2013. Informational Link. 24 February 2013 Corporation, Regions Financial. Regions. 2013. Information Link. 24 February 2013 Investopedia. Investopedia. 2013. Informational Link Kapoor, Jack R. Personal Finance. Columbus: Glencoe, 2007. Textbook. Wikipedia. 19 February 2013. Informational Link. 24 February 2013. The student's typical account usually has a low starter's fee, comes with a debit card, has a low to no monthly fee. However Most do not come with interest. This account is ideal for a college student who needs access to their cash, but the can be assured that it is in a safe location. A classic checking account is typically a step up from a student's account. it has a low monthly fee($5.00-7.00), earns little to no interest, but provides complete access to the account and an unlimited withdrawing policy. This account typically covers a checkbook and a debit card. Most banks will offer several more account options, which include different types of access and fees along with rewards, and some accounts that even draw interest. These accounts are geared towards non student situations due to higher cost of monthly fees. Stay outta my shed.