Services offered by Banks - Direct Deposit: money from paycheck or govt. check is put directly into your account.
- ATM Cards: allow you to access accounts at bank machines
- Debit Cards: bank card used like a credit card; money is debited from your account to pay for a sale.
Bank Services cont. - Stored Value Cards: cards for specific dollar amounts for specific products or stores (gift cards, phone cards, etc.)
- Overdraft Privileges: bank pays amount of a check even if there is not enough money in the account
- Online Banking: ability to check accounts, transfer money and pay bills over internet
- Safe Deposit Box: in bank vault to for important papers and valuable items
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