02/18 (SYNCH): Basic Banking

Bank Accounts – Teens should know how a bank account works and the fees associated; not only the account fees and how they incur (min balance amounts, activity fees, etc.), but also the ATM fees. Young people tend to like to do things online so they can search for a low-cost, basic online checking account. And while check writing may someday be obsolete, don’t forget to show them how to write a check and explain how it works. Also, review how debit cards work, how to safeguard all their information, and how too many swipes at the checkout counter can lead to costly and embarrassing overdraft charges.

Resource: https://www.forbes.com/sites/markavallone/2016/06/07/five-financial-concepts-your-teens-should-understand-before-high-school-graduation/#54a5b6fc4eab

WEBSITES & RESOURCES

http://www.themint.org/teens/writing-a-check.html

https://message.bankofamerica.com/onlinebanking_demo/OLB_Simulator/index.html#/accounts/overview

https://message.bankofamerica.com/onlinebanking_demo/mobileApp_Simulator/

https://www.motc.gov.qa/en/ditoolkit/migrant-workers/cash-machine-simulator-atm

Each student will click the links above and follow ALL DIRECTIONS! You will be learning, if you have never done it before, how to use an ATM, Write A Check, Deposit A Check, Make A Payment, and Pay Online Bills. Each activity has a link to a resource or simulation. You may complete these steps more than once to make sure you understand how to do these simple banking transactions.

Make sure you spend some time on each resource learning how to complete basic functions of banking and personal finance.  When you are done, please send an email to Mr. S (harvey.scribner@techfriere.org) describing some of the tasks you were required to complete, and some of the things you learned by completing these requirements.