HUMS 202 Lecture Notes - Lecture 1: Overdraft, Remittance, Direct Deposit
1 Nov 2016
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Document Summary
Two major types of insured financeal institutions: banks and thrifts, credit unions. 5 reasons to use bank: safe keeping, convenient, save money, security, fdic insures amount, build a solid financial future. Cost of accounts vs cost of check-cashing services: check-cashing services charges you, accounts do not charge you. Functions of branch personnel: customer service representative. Refer you to person who can help you further: teller. Refer you to person who can help with other bank services: loan officer. Take applications for loans offered at bank. Help you fill out a loan application: branch manager. Supervises all bank operations that take place at branch and helps fix problems that other bank employees are unable to solve. Allows you to pay bills and make purchases with money you deposited into account. You can access your funds by writing check, using debit card, through online bill pay, or at an automated teller machine (atm: savings account.
