banking

Krishna Polasani

Federal Reserve System The Federal Reserve System is made

to supervise and regulate member banks and to help banks serve the public efficiently.

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5 examples of how the banking system works Savings Services Payment Services Lending Services Electronic Banking Storage of Valuables Investment Advice Management of Trusts

What is the difference between a Commercial Bank and a Credit Union

Commercial Bank

Full services Banks

Have different financial services Credit Union Bank

Government Agency

Serving members are from the credit union

List 4 Popular Banks in North Carolina Bank of America Wachovia Sun Trust Wells Fargo

What is EFT? Why is it useful?

EFT refers to the use o computers and other electronics for banking activities.

It is useful because it is easier and the money cannot be lost.

What is Automatic Bill Payment ? Why is it useful Automatic Bill Payment is paying a

bill automatically right when you get through websites.

This is better because it easier and more safe then checks.

4 Common Bank Fees

Endorsements Check Register Bank Statement Bank Reconciliation