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Summary streetwise Finance

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Different ways to withdraw money and interact with a bank Electronic banking DebiCheck Debit Orders The DebiChech process Lending Applying for a loan Types of lending Lending in a retail environment Saving Different ways to save money Different ways to...

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  • February 1, 2023
  • 8
  • 2022/2023
  • Summary
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Streetwise
finance
“To provide basic financial literacy (‘be streetwise’) to the people of South
Africa, one group at the time; thereby creating a broader, more financially
literate community and nation.”




Module 2


Banking . Lending . Saving


This booklet will help you gain an
understanding about banking, saving, and
lending.


Banking Lending Saving


Contents

, Banking
Different ways to withdraw money and interact with a bank
Electronic banking
DebiCheck Debit Orders
The DebiChech process


Lending
Applying for a loan
Types of lending
Lending in a retail environment
Saving
Different ways to save money
Different ways to save money (continued)
Interest Rates
Your Personal savings goal

Banking
A bank is a regulated financial institution where customers can deposit money
into a personal account. Money for the purpose of saving and managing their
money security. banks also provide lending services, such as short-term loans,
credit cards and bonds.
My bank charges are charges made by a bank to their customer, such as
monthly charges for having an account and charges made when withdrawing
cash. Bank charges vary accounting to service providers.

Different ways to withdraw money and interact with a bank
ATM
An ATM is a save and convenient way to access your money, check your
balance, transfer money and perform other transactions.
Till withdrawals

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