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Financial Services for Individuals & Households (Financial…
Financial Services for Individuals & Households
Financial instatutions
Storing money
Managing payments
Providing loans
Current accounts
Deposit Accounts
Bill payment
Money transfer facilities
Deposit accounts
Used to save money
Saving earn interest
DIRT
Current Account
Daily banking
ATM + Debit cards
Cheques
ATM
withdraw cash
check balance
order a cheque book
Lodge money
Opening a current account
Identification
Proof of address
PPSN
Debit Cards
Buy now pay now
#
4 digit PIN
Is connected to your bank account
Money is electronically transferred
Credit Cards
Buy now pay later
Has a credit limit
Cardholder receives bill at end of each month
Card holder has to pay a large amount of interest if bill isn't payed
If bill is payed on time there will be no interest
Useful for online purchases
Charge Cards
Buy now pay later
Account must be balanced by the time that the bill comes
