Banking 101
, List ten reasons why it is important to ge
and use a bank account.
To avoid micro-lenders due to their high interest rates.
To help with financial needs e.g. loans and starting a business or buying a car.
Help settling debts.
Receiving money from employer and/or paying employees.
It’s a safe, acceptable and reputable method of handling money.
Provides credit records
Provides investments e.g. for retirement
Protects assets and income
Gets your career and business going
Will make payments on your behalf e.g. debit and stop orders
, List ten reasons why it is important to ge
and use a bank account.
To avoid micro-lenders due to their high interest rates.
To help with financial needs e.g. loans and starting a business or buying a car.
Help settling debts.
Receiving money from employer and/or paying employees.
It’s a safe, acceptable and reputable method of handling money.
Provides credit records
Provides investments e.g. for retirement
Protects assets and income
Gets your career and business going
Will make payments on your behalf e.g. debit and stop orders
