Banking

Activity 2
** FINANCIAL INSTITUTION ** Students will research at least three different financial institutions (at least one must be a credit union) that they would be interested in depositing their salary/wages. They will then choose the bank or credit union that best meets their goals and fill out an application for an account at that institution. They will tell why they have chosen this particular bank, and they will indicate which services they will use at the bank. **__Also__**, students who plan on a going to college will, most likely, have to pay back student loans. The student should speak with their parent and estimate what they //think// they will be asked to pay for these loans. If this number cannot be determined, then the student should determine the national average for student loans and set up a payment plan in their budget. (SOL. GOVT. 15a, 16c, 17)


 * Requirements: **
 * Complete a PACED Decision making model in order to choose which one is best for you! (Must have evidence to back up your decision.)
 * Include information on a checking account, online banking services, a savings account, an ATM card, and credit cards.
 * List fees for services, interest rates, overdraft protection, and limits on accounts.
 * Complete a sample application from a bank. Any pamphlets/advertisement containing information on the financial application will be accepted! (completed by student)
 * Estimate student loan amount //or// national average and set up a payment plan in budget.

Resources

Checking

 * Bank of America
 * BB&T
 * MemberOne Credit Union
 * StellarOne
 * Suntrust
 * Virginia Credit Union League
 * Wells Fargo

Savings

 * Bank of America
 * BB&T
 * MemberOne Credit Union
 * StellarOne
 * Suntrust
 * Virginia Credit Union League
 * Wells Fargo

Student Loan

 * FInancial Aid Loan Calculator