BANKING IN THE U S AGENDA Banking Products

BANKING IN THE U. S.

AGENDA > > > Banking Products Costs Checking Accounts and ATMs Balancing Your Accounts Fraud-Protecting Yourself

BANKING PRODUCTS > > Savings Checking Credit Cards Loans

BANKS IN THE UNIVERSITY DISTRICT > Bank of America – 4701 University Way NE > Chase Bank – 4501 University Way NE > U. S. Bank – University of Washington Book Store – Husky Union Build (HUB) – 4326 University Way NE > Washington Federal – 1200 NE 45 th > Wells Fargo Bank – 4100 University Way NE > Washington State Employees Credit Union (WSECU) – 1100 NE 45 th, Suite 110 > Key Bank – 1300 NE 45 th Street

COSTS YOU MAY INCUR > > > Debit Card ATM Monthly Service Fee Overdraft Fees Credit Card Fees and Interest

INVESTIGATE YOUR OPTIONS https: //www. bankrate. com

CHECKING ACCOUNTS > Checking Accounts can be opened at any bank > Things to know – There is a monthly fee or a required minimum balance to avoid the fee – A savings account is often opened with the checking account. Know where your money is deposited – A debit card comes with your checking account. The number on the card is not your checking account number – Always ask what the routing and account numbers are for your accounts. You will need this to set up direct deposit and to use Webcheck for payments

INFORMATION NEEDED TO DO A WEBCHECK CAN BE FOUND ON YOUR CHECKS

ELECTRONIC BANKING AND ATMs > Electronic fund transfer is a substitute for checks > Automated Teller Machine (ATM) – Direct deposit/Webcheck payments – Online banking – Point-of-Sale Transfers (used at businesses)

ATM USAGE > Convenient to use. ATMS that do not belong to your bank may charge a fee. A warning message will appear about the fee prior to completing the transaction > Be careful when using an ATM > Memorize your personal identification number. Do not write it down > Be very watchful in public places when entering your PIN > Hold on to receipts. Don’t toss them in public trash cans > Always know how much money you have in your accounts

HOW TO PROTECT YOURSELF: FINANCIAL INFORMATION > Shred all personal information you do not intend to keep > Monitor your online banking statements frequently. Use the bank website and the bank mobile app > Do not use the same password for multiple accounts. Memorize the password > Contact your bank or credit card company immediately if you suspect fraudulent charges > When traveling outside of the state, notify your bank of your travel plans so you can continue to use your debit and credit card

HOW TO PROTECT YOURSELF: MAIL > Mail bills and letters at the post office or use e-billing > Check your mailbox regularly – UW will email you about checks we send > Be cautious when checks are sent to your home address. If the mail is not received in a timely manner, call the sender

HOW TO PROTECT YOURSELF: IDENTIFICATION > > Protect your wallet and purse at all times Limit the number of cards and ID you carry Obtain a photo ID card at the Department of Motor Vehicles Do not carry your social security card, passport, or birth certificate unless there is an immediate purpose > Do not carry your PIN with your debit or credit cards

HOW TO PROTECT YOURSELF: CREDIT CARD > Check your surroundings when using your debit or credit cards in public places > Review your bill regularly and contact the bank if you see any transactions you don’t recognize > Be aware if someone is watching you enter your PIN when making purchases in a store or using the ATM.

HOW TO PROTECT YOURSELF: ONLINE > Limit on-line purchases to secure websites – Purchase from trustworthy vendors or use respected 3 rd party payment services > Keep up-to-date anti-virus software installed on your computer > Do not make online purchases from public computers > Do not share passwords to online merchants with friends

HOW TO PROTECT YOURSELF: COMPUTER/PHONE/DEVICES > Use creative passwords > Never disclose personal information over the phone or via email without verifying the source > Do not share your My. UW login and password with anyone > The bank will NEVER call and ask for your account number or social security number > The IRS (Internal Revenue Service) will not contact you by phone or email

SFS WEBSITE Visit our website for information http: //finance. uw. edu/sfs/home

QUESTIONS? > Student Fiscal Services > > 129 Schmitz Hall Box 355870 PHONE: (206) 543 -4694 FAX: (206) 685 -2942 > sfshelp@uw. edu > http: //f 2. Washington. edu/fm/sfs