Post on 16-Dec-2014
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Key question: How can we open and manage a bank account?
http://moneysense.natwest.com/schools/students/managing-your-money/what-is-banking/what-do-you-think
http://moneysense.natwest.com/schools/students/managing-your-money/what-is-banking/case-study-pros-and-cons
http://rbsmoneysense.co.uk/rbs/11to14/bankonit/using_an_atm.asp?page=MONEYSENSE/11_TO_14/BANK_ON_IT/ITS_YOUR_TURN_TO_GET_BANKING/USING_AN_ATM
What do banks have inside them?
What do banks have outside them?
What is a bank?
Key words
A. Bank account
B. Interest
C. Statement
D. Standing order
Definitions
1. A letter that tells you what money has gone in and come out of your bank account
2. Money paid to you for having money in the bank
3. A place to put your money
4. A way that money can come out of your account every month
What do What do banks do?banks do?
Banks have money to Banks have money to give awaygive away
FalseFalse
Banks will help you Banks will help you manage your moneymanage your money
TrueTrue
Banks will lend money Banks will lend money to people under 18to people under 18
FalseFalse
Banks tell their Banks tell their customers how customers how
much money they much money they have in the bankhave in the bank
TrueTrue
Banks give all their Banks give all their customers cheque customers cheque
books and bank cardsbooks and bank cards
FalseFalse
Banks print all their Banks print all their own moneyown money
FalseFalse
Banks look after your Banks look after your moneymoney
TrueTrue
Banks are businesses Banks are businesses and employ peopleand employ people
TrueTrue
Banks will lend you Banks will lend you money for freemoney for free
FalseFalse
Banks charge you Banks charge you interest if you borrow interest if you borrow
money from themmoney from them
TrueTrue
BanksBanks help you to help you to save upsave up
TrueTrue
BanksBanks will lend will lend money to anyonemoney to anyone
FalseFalse
Banks will organise Banks will organise your holidays for your holidays for
youyou
FalseFalse
You can post letters You can post letters at the bankat the bank
FalseFalse
You have to be 18 to You have to be 18 to use a bankuse a bank
FalseFalse
Using a bank Using a bank account means you account means you don’t have to carry don’t have to carry cash all the timecash all the time
TrueTrue