Savings and Chequing
Save! Save! Save! A Little Money Adds Up!
Smart cards
Smart cards, sometimes called “electronic wallets,” look like ABM cards, but they also include a microchip.
This minicomputer stores prepaid amounts for buying goods and services. A smart card can also store data about a person’s account balances, transaction records, insurance information, and medical history.
Uses for smart cards may expand in the future.
Choosing A Chequing Account
Name of bank:___________________________________
How far is it from your home:________________________
How far is it from your work: ________________________
Number of ABMs: ________________________________
Are your funds insured? ___________________________
Types of accounts offered that you are interested in:
___________________________________________________
Fees:
Must maintain a minimum daily balance of:
__________________________________________________________ Must maintain an average daily balance of:
__________________________________________________________ Monthly maintenance charge:_______________________
Overdraft fee: ___________________________________
Fee for printing cheques: __________________________
Fee for bouncing cheques:_________________________
Stop payment fee: _______________________________
Fee for certifying cheques:_________________________
Interest:
How much interest do you earn on your account?
_____________________________________________________
How is it calculated?______________________________
Extra Services:
Can you transfer funds over the phone?_______________
Can you transfer funds over the Internet?______________
Do they offer bill payment over the phone?_____________
Do they offer an ABM card? ________________________
Do they participate in Direct Deposit?_________________
