73117

PERSONAL FINANCE: BANKING AND CREDIT AND DEBIT CARDS

Level: Entry Level

In successfully completing this unit, the learner will haveEvidence needed

shown knowledge of

1. the names of at least five high street banking facilities

Summary sheet

2. at least three appropriate forms of identification necessary in order to open a bank or savings account, eg passport, birth certificate, utility bill

Summary sheet

3. what a sort code is and the number of digits it has

Summary sheet

4. what an account number is

Summary sheet

5. what a PIN number is and the number of digits it has

Summary sheet

6. at least two circumstances where a cheque might be written

Summary sheet

7. what the security number on the back of a credit or debit card card is used for

Summary sheet

8. the difference between a credit and debit card

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9. what a credit and debit card number is used for

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10. the meaning of the valid from and expiry dates

Summary sheet

11. where a card issue number is found on a card and what it means.

Summary sheet

Approved 03 Sep 2015

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