Features & Costs of Checking Account & Debit Card
T.i.P.S.
Students will need to compare features and costs of checking accounts and debit cards from various financial institutions. One of the easiest ways to do this is to gather brochures or online versions of them from multiple banks and credit unions. Asking the right questions is key in order for students to compare, but also encouraging them to justify their reasoning.
Example
Martha is 16 and just got her first job. She wants to keep her money in a checking account. The table below shows some features and fees at some local banks and credit unions.
Based on this information, which option should Martha choose for her financial institution and why?
Digital Tools
Click on the following links for interactive games.Resources
Click on the following links for more information.
Federal Reserve System’s Resources for Educators
Teacher Online Resource Center
TEKS
Supporting Standard 6.14 Personal financial literacy. The student applies mathematical process standards to develop an economic way of thinking and problem solving useful in one's life as a knowledgeable consumer and investor. The student is expected to: (A) compare the features and costs of a checking account and a debit card offered by different local financial institutionsFeedback
