5 Grade - IBATSpecial thanks to PULSE for their production sponsorship. ... Put the letter of the definition in front of the terms below. ___ Structure A. put money in a bank account

5th Grade

Special thanks to PULSE for their production sponsorship.


What is a Bank?

How do Banks Make Money?

The Structure of a Bank

Work Benefits, Conditions and Hours

Positions in a Bank

How to Prepare for a Bank Career

Role Models/ Experts to Interview

Resources


A place where people:◦ store their money

◦ withdraw their money as they need it

◦ Borrow money for today and repay it over

time


A friendly place with a local focus

Local Focus◦ Knows their customers by name

◦ Understands their customers’ needs

Special thanks to PULSE for their

production sponsorship.

Taking care of your money

Loaning money

Bookkeeping for your family (investments, insurance,

loans)


Accounts◦ Checking

◦ Savings

◦ Credit Card

◦ Debit Cards

Loans for:◦ Car

◦ School

◦ House

◦ Business


Mobile banking with text messages

ATMs

Safety deposit boxes

Internet banking

Telephone/ cell phone access to your account

Bill Pay

Money Transfers


Banks make money from: ◦ Interest paid on loans they loan out to

customers

◦ Small fees for special services such as: Replacing debit/ credit cards

Cashing checks from non-customers

Selling cashiers checks/ money orders

“Wiring” money


The money that banks loan to

customers comes from deposits:◦ Checking

◦ Savings

◦ Money Market

◦ Certificates of Deposit


Shareholders

Board of Directors

President/ CEO

Other Officers

Staff/ Employees


Paid 2-week vacation per year

Health insurance

Retirement plan

Tuition for advanced education

Additional days off for Federal

Holidays


Comfortable place for employees and

customers

Full time employees work 40 hours a week, plus

overtime

Part time employees limited to 36-40 hours a

week, no overtime

Highly transferrable skills


◦ Make up 64% of the jobs

at a bank

◦ Handle customers’

deposits, withdrawals,

change money and may sell

services

◦ Job requirements:

High school education

Good basic math and

communications skills

Feel comfortable handling

large amounts of cash

Use smart technology

solutions


Customer Care Officers

◦ Also called Customer

Service Representative or

Personal Banker

◦ Helps customers open and

close accounts

◦ Apply for bank services

◦ Job Requirements:

High school education

Good communication

skills

Enjoy interacting with

people

Excellent work ethic

Bilingual is a big plus

New Accounts Officer


◦ Helps customers borrow money

(a loan) to purchase:

House

Car

Vacant land

Business and/or inventory

Education


Bachelor’s degree

Previous experience in

banking, lending and sales

Highly motivated, good

ethic

Good communication

skills

Loan Officer


◦ Oversees operations at a

single bank location

◦ Responsible for all

functions and staff


Bachelors degree in Business

Administration

Communication skills

Technology skills

Good work ethic

Branch manager


What to study:◦ Computer Systems and technology◦ English

◦ Math

◦ See Book lists on the IBAT Foundation website (www.ibat.org).

What to do:◦ After School Activities

◦ After School or Weekend Jobs

Yard work (mowing, weeding)

Home projects for your parents (take out the trash, prepare

your lunch, vacuum or dust the house).

Practice answering the phone


http://www.ibat.org/

What to do with your money:◦ Make a journal to record your income

◦ Start a shoe box or a piggy bank to gather your savings

◦ Open a bank savings account

◦ Pay yourself first (savings)

◦ Keep a small percent for small purchases

◦ Be a smart saver and smart buyer


Visit a bank

Interview ◦ A customer care officer

◦ A bank officer

◦ The bank president

◦ The technology officer

Questions to ask

your role models:◦ How did you learn how

to save?

◦ What did you do when

you were at my age to

help your savings?

◦ How did you become a

community banker?


Matching

Put the letter of the definition in front of the terms below.

___ Structure A. put money in a bank account for safekeeping.

___ Benefits B. money borrowed from a bank.

___ Deposits C. money spent using a card for which owner will be billed monthly.

___ Withdraw D. a box in the bank’s vault.

___ Loan E. arrangement of the bank’s jobs.

___ Savings Account F. to take money from a bank which will be repaid.

___ Credit Card G. what employees receive besides a salary.

___ Debit Card H. to take money out of ones own bank account.

___ Safety Deposit Box I. a bank account holding money that will draw interest.

___ Interest J. the person using the bank’s services.

___ Bonus K. money paid for the use of someone else’s money.

___ Overtime L. a bank account against which the owner (depositor) can write checks.

___ Customer M. money spent, using a card, which will be taken from ones checking account.

___ Bachelor’s Degree N. additional money given to a bank employee at the end of the year.

___ Checking Account O. all of the duties performed at a bank.

___ Borrow P. a person working at a bank for a salary.

___ Communication Q. to buy something.

___ Operations R. the art of expressing ideas with someone.

___ Purchase S. time worked beyond normal working hours.

___ Employee T. a degree give by a college or university for a four-year course of study.

Seek and Find

Look for the banking terms in the chart below. They may be written forward, backward, vertically, horizontally, and diagonally.

Benefits Interest

Bonus Interview

Borrow Loan Checking Operations

Credit Overtime Debit Purchase

Deposit Save Withdraw

l s n o i t a r e p o k

e u s n a o l t m v e r

s n a k l s h a e b b h

a o n i n t e r v i e w

h b c f j n t p x e n i

c h e c k i n g f v e t

r a h o m s c k i a f h

u c r e d i t b s s i d

p w h z t i b e d x t r

y t s e r e t n i k s a

m a w d f h b o r r o w

t i s o p e d k m x v y

Vocabulary List

Have the classroom teacher introduce and explain the following words or phrases to the students several weeks before the banker’s

presentation to the class.

Structure – the arrangement of the bank positions (jobs).

Benefits- what employees receive besides a salary.

Conditions –.

Deposits – to place money in ones bank account for safekeeping.

Withdraw – to take out money from ones own bank account.

Loan – money borrowed from a bank.

Checking Account – a bank account against which the (owner) depositor can write checks.

Savings Account – a bank account holding ones deposits that will earn interest.

Credit Card – money spent using a card for which owner will be billed monthly.

Debit Card – money spent using a card which will be taken from ones checking account.

Safety Deposit Box – a box in the bank’s vault where one can place items.

Interest – money paid for the use of someone else’s money.

Customer – a person who uses the bank’s services.

(Year end) Bonus – additional money given to bank employees at the end of the year.

Employee – a person working at a bank for a salary.

Overtime – time worked beyond the normal working hours.

Job Requirements - education and skills needed to work at a bank.

Communication – the art of expressing ideas with someone.

Interacting – communicating with the bank’s customers.

Borrow – to take money from a bank that will be repaid.

Purchase – to buy something.

Bachelor’s Degree – a degree given by a college or university to one who completes a four-year course of study.

Previous Experience – what one did before working at a bank.

Motivated – being excited, eager to be a bank employee and work with customers.

Operations – all of the duties performed at a bank.

Responsible – must be able to account for bank’s working conditions.

Functions – the normal activities occurring in a bank.

Role Models – someone to pattern ones behavior after; to act like someone.

Interview – meeting of people face to face where a person is asked by another person questions about his views.

Opportunities – the positive activities that happen to bank employees.

Now that you know about the opportunities in

Banking, visit these websites:

◦ www.ibat.org/foundation/students

◦ http://www.getrichslowly.org/blog/2010/04/02/national-

financial-literacy-month-2010/

◦ www.bls.gov/oco/cgs027.htm


http://www.ibat.org/foundation/students

http://www.getrichslowly.org/blog/2010/04/02/national-financial-literacy-month-2010/









http://www.bls.gov/oco/cgs027.htm

Documents

5 Grade - IBATSpecial thanks to PULSE for their production sponsorship. ... Put the letter of the definition in front of the terms below. ___ Structure A. put money in a bank account