AN introduction to banking AND INVESTMENT.pptx

NOTES AND LEC

1. the Bank! L I N K

2. What a r e the banks that exist in you r municipality? !

3. Do you have a bank account? How about someone in you r family? !

4. What is the p u r pose of you r bank account? !

5. Why did you choose that certain bank where you maintain your account? !

6. B A N K A CCO UN T S FABM 2

7. TYPES OF BANK ACCOUNTS SAVINGS ACCOUNT CHECK ING/ CURRENT ACCOUNT TIME DEPOSIT Ot her Invest ment Account : UITF

8. Savings Account Simplest bank account Used for safekeeping Minimal interest and minimum requirement

9. PASS BOOK Some savings accounts are linked with a booklet used to record bank transactions on an account.

10. Somc savi⭲os accou⭲ts aic li⭲kcd with a booklct uscd to iccoid ba⭲k tia⭲sactio⭲s o⭲ a⭲ accou⭲t. PASS BOOK

11. ATM CARD Some savings accounts come with a card used to make transactions in a machine and may function as debit cards.

12. ATM CARD

13. DEBIT CARDS These are linked with the VISA or Mastercard networks that allow depositors to use their cards to make payments in various establishments.

14. Hhcsc aic li⭲kcd with thc VIS6 oi Mastcicaid ⭲ctwoiks that allow dcpositois to usc thcii caids to makc paQmc⭲ts i⭲ vaiious cstablishmc⭲ts. DEBIT CARDS

15. ! They also provide internet banking privileges.

16. HhcQ also piovidc i⭲tci⭲ct ba⭲ki⭲o piivilcocs. !

17. maybe made over-the-counter, ATMs, online payments, debit card transactions W IT HD R A W A L S

18. Check ing or Cur r ent Account Added feature: Bank checks Drawings are done thru checks Rarely earn interest

19. allows depositors to pay large sums using one sheet of paper instead of carrying currencies BANK CHECK S

20. ! A check can be CROSSED or RESTRICTED

21. TIME D EPO S I T

22. TIME DEPOSIT AND OTHER INVESTMENT ACCOUNTS TIME DEPOSIT investment placements no withdrawal over the contracted period fixed interest rates that are higher than deposit rates evidenced by CTD

23. Unit Investment Trust Fund U IT F

24. Unit Invest ment Tr ust Fund ( UITF) IT allows investors to gain the benefit and suffer the losses of investments in stocks and bonds without directly investing. They purchase units of the pooled funds. They earn income not through interest but on the increase in fair market value of the pooled fund.

25. NAME t he Account s! Alex has a bank account at Landbank of the Philippines that enable him to issue bank checks.

26. NAME t he Account s! The account maintained by Bobby at BDO is known to be the simplest bank account and is linked with a passbook.

27. NAME t he Account s! Teddy agrees with Metrobank not to withdraw the funds in his account over a contracted period in exchange for fixed interest rates.

28. NAME t he Account s! Gabby has an account in BPI that allows him to gain the benefit and suffer the losses of investments in stocks and bonds without directly investing in those securities.

29. NAME t he Account s! The account of CJ in Allied Bank is also known as current account.

30. NAME t he Account s! Joliber has an account at PNB that earns income not through interest but on the increase in fair market value of the pooled fund.

31. NAME t he Account s! As a result of the fast turnover of transactions, this account of Alyza at Union Bank rarely earns interest.

32. NAME t he Account s! Your friend, Freny show you her certificate of time deposit (CTD) as evidence of her account in DBP.

33. NAME t he Account s! Zaldy’s account at FCB earns minimal interest and have minimum balance requirement of P2,000.00

34. NAME t he Account s! The account of Jhun Rey at WestBank allows him to pay large sums using one sheet of paper instead of carrying currencies.

35. NET the Bank On! PE T A

36. PETA 1 : NET t he Bank On! Visit a bank in your locality or go to the website of any bank of your choice. Make a report on the following offering of the bank. Focus on the features of the account, interest rates offered, privileges and limitations of the account: Deposit accounts and Investment Accounts.

37. Name of Bank : Sample Account Features Interest rates Privileges and Limitations Deposit Accounts Investment Accounts USE THE MATRIX ON YOUR REPORT

38. RUBRICS ON RATING All needed information, details/explanation in the matrix/table as well as a documentation should be present. ( 50 points)