Lesson1

Key question: How can we open and manage a bank account?

http://moneysense.natwest.com/schools/students/managing-your-money/what-is-banking/what-do-you-think

http://moneysense.natwest.com/schools/students/managing-your-money/what-is-banking/case-study-pros-and-cons

http://rbsmoneysense.co.uk/rbs/11to14/bankonit/using_an_atm.asp?page=MONEYSENSE/11_TO_14/BANK_ON_IT/ITS_YOUR_TURN_TO_GET_BANKING/USING_AN_ATM

What do banks have inside them?

What do banks have outside them?

What is a bank?

Key words

A. Bank account

B. Interest

C. Statement

D. Standing order

Definitions

1. A letter that tells you what money has gone in and come out of your bank account

2. Money paid to you for having money in the bank

3. A place to put your money

4. A way that money can come out of your account every month

What do What do banks do?banks do?

Banks have money to Banks have money to give awaygive away

FalseFalse

Banks will help you Banks will help you manage your moneymanage your money

TrueTrue

Banks will lend money Banks will lend money to people under 18to people under 18

FalseFalse

Banks tell their Banks tell their customers how customers how

much money they much money they have in the bankhave in the bank

TrueTrue

Banks give all their Banks give all their customers cheque customers cheque

books and bank cardsbooks and bank cards

FalseFalse

Banks print all their Banks print all their own moneyown money

FalseFalse

Banks look after your Banks look after your moneymoney

TrueTrue

Banks are businesses Banks are businesses and employ peopleand employ people

TrueTrue

Banks will lend you Banks will lend you money for freemoney for free

FalseFalse

Banks charge you Banks charge you interest if you borrow interest if you borrow

money from themmoney from them

TrueTrue

BanksBanks help you to help you to save upsave up

TrueTrue

BanksBanks will lend will lend money to anyonemoney to anyone

FalseFalse

Banks will organise Banks will organise your holidays for your holidays for

youyou

FalseFalse

You can post letters You can post letters at the bankat the bank

FalseFalse

You have to be 18 to You have to be 18 to use a bankuse a bank

FalseFalse

Using a bank Using a bank account means you account means you don’t have to carry don’t have to carry cash all the timecash all the time

TrueTrue