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    Banks

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    Banks

    Uploaded by

    j nk
    2 views26 pages

    Copyright

    © © All Rights Reserved

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    PPTX, PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    2 views26 pages

    Banks

    Uploaded by

    j nk

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 26

    Identify the types of bank

    accounts normally maintained


    by a business
    ABM_FABM12-IIC-5
    BY: CHARLENE BERNAL
    TEACHER III
    Do you have a bank
    accounts?

    .
    What is your purpose of
    having a bank account and
    why you choose that bank?
    TYPES OF
    BANK
    ACCOUNTS
    Normally maintained by a business
    LET’S DEFINE
    Business usually maintain two types of account

    Savings Account
    - These are intended to provide an incentive for
    the depositor to save money.

    - The depositor can make deposits and


    withdrawals using the form provided by the
    bank.
    Savings Account
    - Banks usually pay an interest rate that is
    higher than a checking account or a current
    account.

    - Some savings accounts have a passbook, in


    which transaction are logged in a small booklet
    that the depositor keep.

    - Some savings accounts charge a fee if the


    balance falls below a specified minimum.
    Checking or Current
    Account
    - Money held under a checking account can be
    withdrawn through issuance of a check.

    - Banks usually allows numerous withdraws and


    unlimited deposit under this type of account

    - The interest rate for checking account is


    usually lower as compared to saving account
    Checking or Current Account
    - The account holder or depositor of a checking
    account is normally provided at the end of the
    month a bank statement showing all the deposits
    made, check paid by the bank, and the balance
    of the account.

    - The depositor is given easy access to the funds


    as compared to savings account.
    Time deposit account ( or a
    certificate of deposit account)
    - is a type of a saving account that is held for a
    fixed-term and can be withdrawn only after the
    lapse of the agreed period and by giving notice
    to the bank.
    - The account may be withdrawn also anytime
    however the bank usually charge penalties.
    - This type of account yield high interest.
    ATM (Automated Teller machine)

    - a savings account wherein withdrawals can be


    made through designated machines.

    - this is a 24 hour teller machine and the funds


    can be withdrawn anytime

    - the advantage of this account is that even if


    the bank are closed, you can withdraw your
    funds.
    LOGO LOCO
    Identify the logo posted, in every correct answer you
    will get a reward a smiley  equivalent to 5 points…
    additional points in your performance task…
    PNB
    EASTWES
    T BANK
    LANDBANK
    RCBC
    Maybank
    Allied Bank
    ASIATRUST
    Bank
    Security Bank
    Asia United
    Bank
    CHINA Bank
    Enumerate
    banks in your
    locality, How
    they are differ
    from others?
    Why is banking
    important to you
    and to
    businessman.
    How a bank
    helps you on
    saving and vice
    versa??
    QUIZ:
     1. _______is held for a fixed term and can be
    withdrawn only after the lapse of the agreed period.
     2.________a savings account wherein withdrawals
    can be made through designated machines.
     3. ________are intended to provide an incentive for
    the depositor to save money.
     4.________can be withdrawn through issuance of a
    check.
     5. ATM means _________________________.
    THANK YOU
    AND
    GOD BLESS 

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