Research the services offered by financial institutions.

Research should compare and contrast various financial institution offerings including ATMs, mobile banking, virtual banking, debit cards, identity-theft protection, fees, interest rates, incentives, and special promotions.

Process/Skill Questions:

Thinking

• What are the differences between a bank and a credit union? What are the advantages and disadvantages of each?
• What is the difference between a debit card and a credit card? What are the advantages and disadvantages of each?
• What is the difference between a savings account and a checking account? What are the advantages and disadvantages of each?
• What is the current interest rate on a loan? On a savings account? Why are they different?

Communication

• What information can you obtain from an ATM?
• Why is it important to protect your personal identification number (PIN)?

Leadership

• Why is it important to evaluate services before choosing a financial institution?
• How can you demonstrate your understanding of financial services?

Management

• What is identity theft? What are the consequences if your identity is stolen?
• Why is it important to evaluate special promotions from financial institutions before accepting any offer?