THE ASPIRA Affiliation and CHRYSLER Money related Budgetary Life Aptitudes Program.

Uploaded on:
Comprehend the benefits of having a bank or credit union record ... Perceive the contrast between transient and long haul bank accounts ...
Slide 1

THE ASPIRA ASSOCIATION and CHRYSLER Financial Life Skills Program Module 2. Opening a Bank Account

Slide 2

Module Objectives Understand how to get a duplicate of your ChexSystems report How to deal with a financial records – compose checks, make stores, keep a record register Recognize the distinction between ATM cards, charge cards, and Mastercards Know what to do if your ATM or platinum card is lost or stolen Know how to accommodate a ledger Understand what web saving money is, and focal points and hindrances of utilizing it Understand the upsides of having a bank or credit union record Know how financial balances are guaranteed (FDIC and NCUA) Know how to pick a bank or credit union Understand the advantages of having a financial records Recognize diverse sorts of financial records Understand the advantages of having an investment account Recognize the contrast between fleeting and long haul investment accounts Know about record confirmation frameworks (ChexSystems)

Slide 3

Selecting a Financial Institution Options: Commercial Banks Credit Unions How are they distinctive? Are your stores safeguarded? By whom? Exercise: Choosing a bank or credit union

Slide 4

Checking Accounts What is a financial records Types of financial records: Regular financial records Interest bearing What is record overdraft security? What is a platinum card? An ATM card? What would it be advisable for you to do if your ATM, charge or Mastercard is lost or stolen,?

Slide 5

How to Write a Check Fill the date out precisely and readably with the month, day and year. Demonstrate the name of the individual or business to whom you are writing the check. Utilize full names, no handles. Enter the sum that you might want to pay. Spell out the dollar sum. Include any note that you might want with respect to the reason for the check, or leave this line void. Sign your name in the lower right hand corner.

Slide 6

Managing your Checking Account Deposits: How & Where Direct ATM Bank office Keep a record of all exchanges!

Slide 7

Making a Deposit 1. Compose the date you are making the store. 2. On the off chance that you are keeping money (paper bills), compose the aggregate sum here. 3. In the event that you are storing coins, compose the aggregate sum here. 4. In the event that you are saving a check, compose the bank travel number here, which is the top segment of the two-section number imprinted in the upper corner of the check. 5. Compose the measure of the check here. 6. In the event that you are storing more checks than can be recorded on the front, keep on listing them on the back, and compose the aggregate sum of the minds back here. 7. Compose the aggregate sum you are saving here. 8. On the off chance that you are making a store inside a keep money with a teller and you need to get money over from your store, compose the sum you need. 9. Compose the aggregate sum (less money back) of your store.

Slide 8

Your check register Why do you have to keep track all exchanges? You have to note: Deposits Withdrawals Fees Purchases Constantly figure your equalization! Exercise: Managing your check register.

Slide 9

Your Bank Statement What are credits? What are charges? What is an equalization?

Slide 10

Savings Account Why do you require one? What is an investment account? Sorts of bank accounts Basic investment account Money market accounts Christmas club accounts Certificate of stores (CD) Education funds arrangement

Slide 11

Retirement Accounts It\'s critical to set reasonable objectives and consider what you need for your retirement years. Here would some say some are choices: IRA (Individual retirement account) Retirement Plans 401(k) 403(b) Keogh Plan Thrift Savings Plan Annuities

Slide 12

Banking On-line What is it? What would you be able to do online? What are the points of interest and hindrances of on line managing an account? Know: Have your PC firewall empowered; Use an against spyware programming Always ensure your passwords

Slide 13

Using an ATM What is an ATM? What sort of exchanges would you be able to perform through an ATM?

Slide 14

ATM Security What efforts to establish safety would it be a good idea for you to take when utilizing an ATM? What would it be a good idea for you to do on the off chance that you lose your ATM, charge or Mastercard?

View more...