Bank Services Slide 2 Electronic Banking, Checking Accounts and
Check Registers Slide 3 Traditional Paper checks and check
register. Electronic allows customers to make financial
transactions online. Slide 4 1. ATM 2. Direct Deposit/Payment 3.
EFT (Electronic Funds Transfer) 4. Pay by Phone 5. Personal
computer banking 6. Debit card 7. Prepaid card 8. Smart card 9.
Point of Sale (POS) Slide 5 1. Personal checking account Used by
individuals 2. Business checking account Often include monthly
service charges based on account balance or # of checks written
Slide 6 Slide 7 Slide 8 Typical charges may be: Find the monthly
service charge for a business that has an average balance of $1850
and has written 58 checks. Average BalanceMaintenance charge per
month Per-Check charge Less than $500$12.00$0.20 $500 -
$1999$7.50$0.20 $2000 - $4999$5.00$0.10 $5000 or more00 Slide 9 On
the back of the check: 1. Restricted endorsement: Specifies for
deposit only along with signature 2. Blank endorsement: signature
only. 3. Special endorsement: used to transfer check to another
person/company. Pay to the order of ___ along with signature. Slide
10 1. Endorsement 2. Date and bank where deposited. 3. Date and
bank where debited (deducted) from payers account. NOTE: checks are
typically no longer returned, but an electronic image is stored
with the bank! Slide 11 Slide 12 Use the check stub to find the
balance forward. Check number 3502 is made out on April 4 to City
Hall for $273.28. the balance brought forward was $6750.17 and
deposits of $1876.22 and $879.65 have been made since that last
check was written. Slide 13 Subtract from balance: Debits
Withdrawals Checks written Add to balance: Credits Deposits EX: P
191 #20
