2024 Teen HomeSchool Basics in Banking 101

INTRODUCTION TO BANKING AND FINANCIAL INSTITUTIONS

• HISTORICAL OVERVIEW OF BANKING
• TYPES OF FINANCIAL INSTITUTIONS: COMMERCIAL BANKS, CREDIT UNIONS, ONLINE BANKING, ETC...
• ROLE AND IMPORTANCE OF BANKS IN THE ECONOMY 

UNDERSTANDING BANK ACCOUNTS

• DIFFERENT TYPES OF BANK ACCOUNTS: CHECKING, SAVINGS, CERTIFICATES OF DEPOSIT (CDS) AND MONEY MARKET ACCOUNTS
• HOW TO OPEN A BANK ACCOUNT: REQUIRED DOCUMENTATION, CHOOSING THE RIGHT BANK AND ACCOUNT TYPE
• BASICS OF BANK ACCOUNT MANAGEMENT:
  DEPOSITS, WITHDRAWALS, ACCOUNT STATEMENTS, ONLINE BANKING
• AND MUCH MORE.....