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2
You Will Know
• Major types of insured financial institutions
• Basic banking terms• Differences between banks and
check-cashing services• Bank employees and their jobs• Types of accounts
• Banking services
5
Deposit
A deposit is money you add to your account using a deposit slip.
Your NameYour Address
Your Phone Number
DE
PO
SIT
TIC
KE
TDATE DEPOSITS MAY NOT BE AVAILABLE FOR IMMEDIATE WITHDRAWAL
SIGN HERE IF CASH RECEIVED FROM DEPOSIT
YOUR FINANCIAL INSTITUTION
YOUR CITY, CA 92453
DO NOT USE FOR AUTOMATIC PAYMENT OR CHECK TRANSACTIONS
:000000 : 12345 67890.:
CURRENCY
COIN
CHECKS
OR TOTAL FROM REVERSE
SUBTOTAL
LESS CASH RECEIVED
NET DEPOSIT
7
Withdrawal
Withdrawal is the process of taking money from your bank account using:
• Checks
• Withdrawal slips
• ATMs
8
Fees
A fee is when banks take money out of your account for:
• Services (monthly maintenance fee)• Penalties (bouncing a check)
9
Interest
Interest is extra money in your account that the bank pays you for keeping your money at that bank.
10
Deposit Accounts
Checking Account
An account that lets you write checks to pay bills or buy goods.
Savings Account
An account that always earns interest.
12
Debit Card
A debit card is a plastic card that:
• Is used to pay for goods or services
• Has a MasterCard or Visa logo
13
Direct Deposit
Direct deposit is one way of getting your paycheck or benefit check electronically.