Segments in this Video

Choosing a Bank (04:00)

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Banks offer different products and services. People look for the ones that suit their needs. These include convenience, availability of ATMs, personal assistance, free checking, Internet options, and more.

Choosing a Checking Account (02:16)

Bank offers many different types of checking accounts. A free checking account should have no minimum balance, no monthly service charge, unlimited check writing, free checks at opening, and a fee-free debit card.

Writing Checks (06:44)

Viewers learn the standard procedures for writing checks, recording checks in the check register, and keeping receipts.

Electronic Banking (03:04)

Technology allows people to do their banking business at their convenience. Financial institutions should provide firewall and encryption security. Review bank statements. Never use a public wireless network for banking or personal business.

Balancing a Checkbook (03:33)

Always reconcile bank statements with the check register. Verify each transaction. Bank statements include a form to help balance a checking account.

ATMs: Pros & Cons (02:58)

Open 24 hours a day, ATMs offer quick cash and a printed receipt. ATMs take deposits, loan payments, provide account balances, and facilitate funds transfer. Concerns about ATMs include fees and safety. Safety tips are provided.

Foreign Exchange Rates (02:38)

Many ATM networks offer international service with favorable exchange rates. This is the safest way to obtain foreign currency. Avoid withdrawing small amounts to avoid mounting fees. Do not exchange money at airports.

Alternative Forms of Currency (04:25)

Alternate forms of currency include travelers checks, money orders, wire transfers, merchant gift cards, and bank gift cards The FTC website provides extensive information on gift cards. Do not buy gift cards from online auctions.

Credits: Checking Accounts and Everyday Banking (01:07)

Credits: Checking Accounts and Everyday Banking

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Checking Accounts and Everyday Banking

Part of the Series : Personal Finance Essentials: Financial Literacy for Young Earners
DVD (Chaptered) Price: $99.95
DVD + 3-Year Streaming Price: $149.93
3-Year Streaming Price: $99.95

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Description

Do checking accounts earn interest? Is e-banking safe? What’s the best way to pay for things when traveling out of the country? This program schools viewers in the basics of financial transactions, then arms them with how-tos and tips for choosing a bank, writing and depositing checks, using a debit card, and balancing a checkbook. E-banking to manage accounts and transfer funds is discussed, with security concerns foremost. The video also explains wire transfers and money orders—and it advises on changing money and using traveler’s checks when abroad. Highlights include the pros and cons of ATMs, hidden fees associated with checking accounts, and buying and using gift cards. A viewable/printable instructor’s guide is available online. A Meridian Production. Part of the series Personal Finance Essentials. (32 minutes)

Length: 32 minutes

Item#: FMK43783

ISBN: 978-1-61733-950-9

Copyright date: ©2011

Closed Captioned

Reviews & Awards

“Offers solid information and advice....Recommended.”  Video Librarian

 

“A nicely paced primer on concepts and terminology in personal finance, as well as providing a healthy dose of advice and guidance in terms of spending, goal setting, personal conduct, and financial strategies....The content is extremely well organized and the chapter navigation serves the learner beautifully. The explanations of financial terms and concepts are done exceptionally well, with practical examples and limited use of advanced jargon. Highly recommended.”  Educational Media Reviews Online

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