PPT-Checking Account & Debit Card Simulation

Understanding Checking Accounts and Debit Card Transactions Banking Objectives Making a deposit Writing a check Using a debit card Keeping track of our checking account through a check register. Unit 1: Lesson 2. Introduction. For many Americans, . debit cards . are quickly replacing personal checks as a means of making payments. Students should be able to recognize the difference between a debit card, ATM card, and a credit card.. is an account held at a bank or credit union into which account owners deposit funds.. An . overdraft. occurs when an account holder does not have enough money to cover transactions from checks, ATM withdrawals, debit card purchases, or electronic payments.. The most widely used service that a bank offers. .. Money. on demand!. Benefits of a checking account. Convenience. Safety to make payments with less risk than using cash.. Proof of payment. A record of finances for managing your money.. Check. A check is a written, dated and signed . slip of paper . that contains an unconditional order from the drawer that directs a bank to pay a definite sum of money to a payee. . The . money is drawn from a banking account, also known as a checking account.. Learning Activity 4. 4-. 1. Dishonored Checks (1 of 2). Consequences. Service charge. Bad credit rating. Mandatory counseling. Added to dishonored check list. Suspension of check cashing privileges. Reprimand. Models. . to Accelerate . Product . and Product Offer . Management. in . the Financial Services Sector. Andy . Ousterhout. Offering Manager, . IBM Software Group. Agenda. Define the scope of the problem. Understanding Checking Accounts and Debit Card Transactions. Banking Objectives. Making a deposit. Writing a check. Using a debit card. Keeping track of our checking account . . through a check register. Learning Activity . 5. 5-. 1. Dishonored Checks (1 of 2). Consequences. Service charge. Bad credit rating. Mandatory counseling. Added to dishonored check list. Suspension of check cashing privileges. On the back of your packet, please answer these questions: Do you have a checking account? How long have you had this checking account? (approx) Do you take advantage of online banking? What best do you like about online banking? Caro Coins EnrollmentEnroll in the Caro Coins program and watch your savings grow!To participate, you will need each of the following under your membership:• A Checking Account• A Debit Card MAKE THE SWITCH TO BECU 1 2 ESTABLISH MEMBERSHIP BY OPENING A BECU MEMBER SHARE OR MEMBER ADVANTAGE SAVINGS ACCOUNT. While you’re at it, we recommend opening a BECU checking account as well. Opportunity Insured by NCUA 07/2018 An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. WECU can cover your overdrafts in two die Invalid or missing CVV code Please verify the 3-digit code on the back of the card If you continue to receive the error contact the card issuer Debit Card/Credit CardAddress verification failed Cardho The Benefits of Reading Books