2.  A commercial bank is a business that
provides financial services to personal and
business customers

3.  An Post
 Building Societies
 Credit Unions

4.  Money Withdrawal
 Money Transfers
 Savings
 Loans/Mortgages
 Foreign Exchange
 24- hour Banking
 Night Safe

5.  An account for day-to-day banking
 An account into which a person puts money so that
payments can be made by
◦ Cheque
◦ ATM
◦ Laser card
◦ Standing order
◦ Direct debit.
 Overdraft – withdraw more money than what is in the
account
 Fees may apply to transactions.

6.  A savings account
 An account into which a person deposits any
money they want to save, any money left over
at the end of the month
 Account holders receive interest on savings
 But must pay tax on this interest (DIRT)

11.  Automated Teller Machine (ATM) allows
money to be withdrawn from your account
 How to use an ATM

12. On-Line/24 Hour Banking
 Banking over the telephone or on the
internet, 24 hours per day, 365 days per year.
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13. On-Line/24 Hour Banking (continued)
 Facilities include:
 checking your account balance
 transfer money between your accounts
 transfer money to other accounts, i.e. pay bills
 apply for a bank loan, a bank overdraft or a credit
card
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14. On-Line/24 Hour Banking
 Access to on-line banking is through a
customer identification number and a
password.
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15.  A deposit slot on the outside of a bank
allowing money to be deposited into the
bank's safe outside of bank opening hours
e.g. at night