Banking Safety and

Online Banking

If a checkbook, ATM, and/or debit card

becomes lost or stolen Immediately report it to the financial

institution File a report with the police

Reported lost/stolen checkbook: Financial institutions generally do not hold

the account holder liable for any fraudulent charges

Checking Account Safety

Within 2 business days Cardholder is only liable for $50.00 Longer than 2 business days Could be liable for up to $500.00 Varies depending upon the financial institution May not charge the account holder anything if

the correct steps were taken to report the lost/stolen card

Report lost/stolen ATM/debit card:

Ability to maintain your bank account by

accessing the account online Anyone with an account at a bank is eligible There are no fees associated

What is online banking?

Access world wide from any computer Transfer money Payment of bills Check Balance Simple and Easy to use

Advantages

Cannot make deposits Bank security could be “hacked” into

Reimbursed if you do lose money No internet service means no access to your

account Initial setup can take longer

Disadvantages