Banking

Selection of a monthly plan

Level 5
 Vocabulary
• Account
• ATM
• Balance
• Branch
• Chequing account
• Chronological order
• Current balance
• Deposit
• Direct deposit
• Features
• Fees
• Interest rate
• Minimum balance
• Monthly fee
• Online banking
• Saving account
• Service charge
• Statement
• Statement date
• Teller
• Transactions
• Withdrawal
Page 2
• What are the different types of
personal accounts?
• What type of account gives high
rate of interest?
• What type of account is available
only in Canadian dollars?
Page 6
• What are the different types of plans
available?
• What plan is suitable for a person
having 20-25 transactions per
month?
• What plan provides for 2 interac
transfers?
• Which of the plan does not get added
protection?
• Which of the plan is suitable for a
frequent traveller?
• Which of the plan gives AIR MILES
rewards benefit?
• Which of the plan charges lowest
monthly fees? Highest monthly fees?
Page 7
• Who are the persons getting free
monthly banking services?
Write in your own words about the lesson Daniel has
learned

• Find out what your transaction fees will be when

you open an account
• Check your account statement regularly
• Ask about the items you do not understand
• Monitor your transactions to make sure you have
the best plan for your needs
• Avoid transactions with higher fees, such as those
from ATMs that are not affiliated with your
financial institution