Title: Identify banking services.
Course: Agricultural Business Operations II (18201-36) > Section: Operating the Agribusiness

Identification should include

- checking accounts
- savings accounts
- home banking (e.g., account inquiries, transferring money, paying bills, applying for loans, directing deposits)
- mobile banking (e.g., balance checks, account transactions, payments, credit applications using a mobile phone)
- online banking (e.g., account transfers, balance inquiries, bill payments, loan and credit card applications using the internet)
- ATM services (i.e., banking functions to include deposits, withdrawals, account inquiries – 24-hour availability)
- debit cards
- credit cards
- remittance of funds
- bank guarantee
- advancing loans
- storing valuables
- consultancy
  - providing financial advice
  - providing investment services
- foreign currency exchange
- managing trusts
- providing depositor protection (e.g., Federal Deposit Insurance Corporation [FDIC], National Credit Union Administration [NCUA], Federal Reserve System).

Process/Skill Questions:

- Why is it important to have a separate bank account for one’s business?
- What is depositor protection?
- What factors might influence choosing a bank for one’s agribusiness?
- What is required to borrow money from a bank?
- What items might be kept in a safe deposit box?
- What are safe practices for online banking?