Banking – Checking/Savings
Course Description: This online course provides an overview of banking principles and practices. It covers the fundamentals of checking and savings accounts, including how to set up accounts, transfer funds between accounts, and manage your finances effectively. You will learn how to make wise financial decisions, understand bank fees and services, and protect yourself from fraud. Through interactive lectures, readings, discussions, and assignments, you will gain an understanding of banking terminology as well as develop the skills required for managing personal finances across multiple accounts. This course is ideal for individuals who are new to banking or want to gain a better understanding of how banks work in order to manage their money more effectively.
Course Objectives:- Understand important terms related to banking such as account holders, interest rates, overdrafts, ATM cards, and more
- Create different types of checking and savings accounts with ease while being informed about associated fees & services
- Make secure electronic transfers between different accounts using safe methods such as Automated Clearing House (ACH).
- Withdraw money without incurring fees across various ways like incoming cashier’s checks or by utilizing ATM machines at local branches
- Utilize various methods for protecting oneself from fraud such as keeping track of account statements & not disclosing information to third parties indiscriminately
- Familiarize oneself with automated payment systems such as direct deposits or automatic bill payments while staying alert against scammers who are posing as fake representatives from bank institutions
- Be aware of terms & conditions imposed by banks when it comes to writing checks in order to avoid bounced checks
- Manage multiple bank accounts in order to meet long-term financial goals with periodic adjustments in saving preferences
- Learn about different tools available through online banking and mobile phone applications that provide convenience for managing finances& bills
- Analyze case studies & real-world scenarios in order to apply the concepts learned from this course to practical personal finance situations