Name:TYPEHERE / Date:TYPEHERE / Hour:TYPEHERE
PowerPoint Notes
Electronic Banking: Information on Types of Electronic Banking / Personal Finance
Mrs. Caldwell

Directions: Follow along with the PowerPoint and fill in the information needed.

Slides 2-3: Introduction

  • What is electronic banking or e-banking?
  • Electronic access to bank accounts and cash
  • 24 hour access
  • Moves money without paper
  • How is this possible?
  • TYPEHERE(EFT)
  • EFT uses TYPEHEREto transfer money electronically among bank accounts
  • People can
  • Make TYPEHERE
  • TYPEHEREmoney
  • Pay TYPEHERE
  • Free or fees of $3 - $10 per month
  • Accessed through ATMs, the internet, and debit cards

Slide 4: Benefits of E-Banking

  • TYPEHEREaccess
  • Fast
  • No TYPEHERE
/
  • Variety of methods
  • Convenience
  • TYPEHEREaccess

Slide 5: Types of E-Banking

  • TYPEHERECard
  • TYPEHERE
  • Direct TYPEHEREand TYPEHERE
  • TYPEHERECard
  • StoredTYPEHERECard
  • TYPEHEREbanking

Slides 6-7: Debit Cards

  • Debit Card
  • A plastic card, which looks like a credit card, connected to a person’s TYPEHERE
  • Money is automatically TYPEHEREfrom the account when a purchase is made
  • Customer specifies which account is linked to the card
  • Debit cards can be used with:
  • TYPEHERE(ATM’s), which are electronic computer terminals that offer automated, computerized banking
  • TYPEHERE(POS),which is located at a store and allows the customer to use a debit card to make purchases

Slide 8-10: Automated Teller Machines

  • ATMs or cash machines
  • Electronic computer terminals which offer automated, TYPEHEREbanking
  • 24-hour access to personal TYPEHERE
  • Receive an ATM card from financial institution
  • ATMs can be found at various places
  • Examples: financial institutions, supermarkets, convenience stores
  • Transactions allowed may include:
  • TYPEHERE
  • Cash TYPEHERE
  • TYPEHEREbetween accounts
  • Account TYPEHEREinformation
  • Some ATMs may only allow cash withdrawals
  • Need a PIN to access accounts at an ATM
  • New ATMs may read a person’s face, fingerprint, or the eye’s iris to confirm identity
  • ATMs are usually TYPEHEREof charge for customers using his/her financial institution’s ATM
  • May be charged TYPEHEREat ATMs of other financial networks (around $2.00)
  • In addition, may be charged by own financial institution to use another network’s ATM
  • Fee will be posted on the ATM

Slide 11: How to Use the ATM

  • Insert ATM card into the slot
  • Enter PIN
  • Perform the desired transaction
  • Keep printed receipt to compare with monthly bank statement
  • Remember to take the ATM card when finished

Slide 12: ATM Do’s and Dont’s

  • Never choose a PIN easily TYPEHEREwith the user
  • Example: birthday, address, phone number
  • Don’t choose TYPEHEREor TYPEHEREPINs
  • Don’t write PIN down where the TYPEHEREis kept
  • Shield TYPEHEREfrom onlookers
  • Leave if something TYPEHEREhappens
  • Cancel transaction, take the card, leave, and report it to local law enforcement and financial institution

Slide 13: Direct Payment

  • Direct Payment
  • Authorize TYPEHEREto be paid by a specific bank TYPEHERE
  • Can be done for TYPEHEREand TYPEHEREexpenses
  • Mortgages, vehicle payments, phone bill
  • Customer signs an TYPEHEREform to allow the business to deduct the funds from the account each billing period

Slide 14: Lost or Stolen ATM/ Debit Cards

  • Report TYPEHEREto financial institution
  • If reported within TYPEHEREbusiness days, cardholder only liable for $TYPEHERE
  • After 2 business days, cardholder can be liable for up to $TYPEHERE

Slides 15-17: ATM/ Debit Cards Safety

  • Sign the back of the card and write “TYPEHERE”
  • Keep PIN hidden
  • Do not write it down TYPEHEREthe card is kept
  • TYPEHEREthe PIN
  • Protect the PIN
  • Do not tell others
  • Shield the PIN with TYPEHEREat ATMs
  • Do not give it out over the phone or via e-mail
  • Change the TYPEHEREif it is suspected someone else knows it
  • Be ready to transact business quickly
  • Have everything ready for the transaction
  • Write down the card TYPEHEREand financial institution TYPEHEREinformation
  • Store it in a safe place TYPEHEREfrom the card in case the card becomes lost or stolen
  • Plan activities so it will not be necessary to use the ATM after TYPEHERE
  • Use an ATM located inside a supermarket or other place of business
  • Use a drive-up ATM
  • Keep car doors TYPEHERE
  • Be aware of the TYPEHERE
  • If anything suspicious happens, leave and TYPEHEREanything unusual

Review

  • E-banking is the new trend for the banking industry
  • Benefits include 24-hour access and convenience
  • ATMs offer a way to get cash after bank hours
  • Debit cards offer the benefits of a credit card without building debt
  • Direct deposits offer convenience to customers who have checks directly deposited into their account automatically
  • Direct payment allows bills to be paid electronically
  • Smart cards and stored-value cards allow for more cash-less ways to make purchases
  • Home banking offers customers account access via the telephone and computer
  • Lost or stolen cards need to be reported IMMEDIATELY
  • Use ATM and debit cards safely
  • Check 21 is a current trend in electronic banking
  • Future trends will keep changing the way customers perform banking
  • Important to keep up to date with new trends and safety

PowerPoint Notes: Electronic BankingPage1 of 4