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BANKS

V. Ryan 2012

 

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When you start working, you will be paid directly into your bank account. Therefore, it is important know the names of banks and to recognise their logos / symbols.
 
1. This question is about recognising banks. The logos / symbols of a number of banks are seen below. Some have parts missing. Place the correct bank name alongside each of the logos / symbols
 
NAT WEST - ROYAL BANK OF SCOTLAND - HALIFAX - SANTANDER - LLOYDS TSB - BARCLAYS - HSBC
 
ANSWERS
 
 
2. What are the advantages of opening an account with a bank?
 
THEFT AND LOSS - MONEY SAFE - WAGES DIRECTLY TO ACCOUNT - HELPS SAVE MONEY- DEBIT CARD - BANK STATEMENTS - FINANCIAL ADVICE - SAFE ACCESS TO MONEY - INTERNET BANKING - PAYING BILLS, DIRECT DEBIT
 
 
 
 
 
 
 
 
 
 
 
 
3. What do banks do with the money of savers / account holders. In other words, how do they make money?
 
LOANS - INTEREST - INVESTMENTS IN COMPANIES
 
 
 
 
 
 
4. Explain how the following bank cards can be used:  
   
A credit card
 
 
 
 
 
 
   
A debit card
 
 
 
 
 
 
   
5. When you want to buy a house / flat, you may be able to get a mortgage from the bank. What is a mortgage?
 
 
 
 
 
 
6. A new bank called the ‘Royal Bank of the UK’, has asked you to design it’s logo / symbol. Look carefully at the symbols / logos in question 1, for inspiration.
In the space below, design a rough version of the logo, followed by a colour rendered final design.
 
 
 
 
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