Name:Savannah Banks School:Benjamin Russell
Date:02/22/17 Facilitator:Williams
4.01 Do I Need a Bank?
Part I. Read the scenario and decide which type of banking service is the top priority for each
person.
1. Ja’Mychal is always on the go, and he uses his cell phone for just about everything. He’s
heard about banks that have apps in which he can take a picture of a check he wants to
deposit, upload the picture to the app, and the money will be deposited to his account.
He feels this app will save him time instead of having to go to a bank branch to deposit
the money in person. He also wants to be able to see his bank balance through the app.
Which banking service is Ja’Mychal most interested in? internet banking
2. Kyra has just began making money. Actually, she hasn’t really started making money at
all. Instead, she receives an allowance each month from her parents, but she wants to
Pay Herself First. She knows in a year or so she will need some money to pay for car
insurance.
Which banking service is Kyra most interested in? saving services
3. Sara is about to graduate high school. She has saved money the last few years while
working a part-time job. Her parents bought her a car when she turned 16, but her
younger brother is about to turn 16 and her parents have promised him the car when he
turns 16. This means Sara must buy a car on her own. She has about $6,000 saved, and
she received another $1,000 in graduation gifts. She wants to buy a reliable car that will
last her throughout college. She has spotted a Honda Accord with low miles, but the
asking price is $15,000.
Which banking service is Sara most interested in? payment services
4. Emery started working part-time a few months ago, and his paychecks are starting to roll
in. That’s a good thing because as soon as he turned 16 his parents told him that he
would have to start paying some bills; specifically his cell phone, car insurance, and
gasoline. Right now, he’s getting his paychecks cashed and using cash to pay for it all. He
wonders if there is an easier way.
Which banking service is Emery most interested in? saving services
This study source was downloaded by 100000850872992 from CourseHero.com on 04-10-2023 08:03:10 GMT -05:00
https://www.coursehero.com/file/58762636/401doineedabankdocx/
Date:02/22/17 Facilitator:Williams
4.01 Do I Need a Bank?
Part I. Read the scenario and decide which type of banking service is the top priority for each
person.
1. Ja’Mychal is always on the go, and he uses his cell phone for just about everything. He’s
heard about banks that have apps in which he can take a picture of a check he wants to
deposit, upload the picture to the app, and the money will be deposited to his account.
He feels this app will save him time instead of having to go to a bank branch to deposit
the money in person. He also wants to be able to see his bank balance through the app.
Which banking service is Ja’Mychal most interested in? internet banking
2. Kyra has just began making money. Actually, she hasn’t really started making money at
all. Instead, she receives an allowance each month from her parents, but she wants to
Pay Herself First. She knows in a year or so she will need some money to pay for car
insurance.
Which banking service is Kyra most interested in? saving services
3. Sara is about to graduate high school. She has saved money the last few years while
working a part-time job. Her parents bought her a car when she turned 16, but her
younger brother is about to turn 16 and her parents have promised him the car when he
turns 16. This means Sara must buy a car on her own. She has about $6,000 saved, and
she received another $1,000 in graduation gifts. She wants to buy a reliable car that will
last her throughout college. She has spotted a Honda Accord with low miles, but the
asking price is $15,000.
Which banking service is Sara most interested in? payment services
4. Emery started working part-time a few months ago, and his paychecks are starting to roll
in. That’s a good thing because as soon as he turned 16 his parents told him that he
would have to start paying some bills; specifically his cell phone, car insurance, and
gasoline. Right now, he’s getting his paychecks cashed and using cash to pay for it all. He
wonders if there is an easier way.
Which banking service is Emery most interested in? saving services
This study source was downloaded by 100000850872992 from CourseHero.com on 04-10-2023 08:03:10 GMT -05:00
https://www.coursehero.com/file/58762636/401doineedabankdocx/
