The Essentials of Banking
This module is comprised of 4 lessons all around banking, how to choose the right bank account for you and how to manage and stay secure with your finances.
Course Outcome: The Essentials of Banking for Young Adults
Upon completion of this module, you will be equipped with fundamental banking knowledge and skills crucial for financial independence. The lessons within this module will help you:
1. Understand the different types of bank accounts available, enabling you to make informed decisions about which accounts best suit your needs.
2. Analyse your transactions effectively, giving you a clear picture of your income sources and spending patterns.
3. Select a bank account that aligns with your financial goals, considering key factors such as fees, features, and accessibility.
4. Comprehend the importance of savings accounts and how interest rates work, empowering you to make your money grow over time.
5. Protect yourself from online fraud by learning essential security measures and best practices for safe digital banking.
By mastering these essential banking concepts, you’ll be better prepared to manage your finances responsibly and confidently as you navigate independent living.
