demonstrated the ability to1. identify at least three different bank or building society accounts | Summary sheet or student completed work |
2. list two types of plastic banking cards issued by banks or building societies, eg debit card | Summary sheet or student completed work |
3. select an appropriate bank account for own use | Summary sheet |
4. complete an application form to open a bank or building society account | Summary sheet |
5. identify at least five entries on a bank statement correctly | Summary sheet |
shown knowledge of6. at least three examples of how an on line bank account can be used, eg for transferring money, checking an account and making payments | Summary sheet or student completed work |
7. at least three advantages of using bank or credit cards | Summary sheet or student completed work |
8. at least three disadvantages of using bank or credit cards | Summary sheet or student completed work |
9. at least three different ways of saving money | Summary sheet or student completed work |
10. at least three advantages of using direct debits or standing orders | Summary sheet or student completed work |
11. at least three dangers of pay day loans and loan sharks | Summary sheet or student completed work |
12. other services offered by a bank or building society, eg mortgages, ISAs | Summary sheet or student completed work |
13. the importance of not going overdrawn | Summary sheet or student completed work |
experienced14. taking part in a discussion about the benefits and disadvantages of using a credit union for managing personal finances and savings | Summary sheet |
15. making a cash withdrawal from an ATM. | Summary sheet |
