Do you
have an account at a bank in the
city? What services does the bank provide? Banks offer many types of
services
and accounts for their customers. Visit Citibank, one of
the world's largest banks. As you
visit the
-
Can you name at least five general areas
that the bank does business in?
- What does the
Citibank Private Bank do?
- List the kinds of
loans the bank makes.
- Which credit
cards does the bank offer?
- What two areas
cover loans to students?
- Name two
purposes of the Small Business and Professional area.
Write
your answers on a piece of paper to
help you prepare for the exercises. Find information by clicking on
links and
using the back button on your browser. You may have to scroll down to
view
information on a page. Study these terms before you visit the Citibank
website:
| terms | - vocabulary words that are used in a specific subject area. (It also means the requirements for a loan or contract.) |
| account | - a record of how much money a person has in the bank |
| checks | - a special kind of note a person writes that promises to pay for something from an account at a bank |
| loan | - money that the bank lends to a customer who needs money and who can pay the bank for its use |
| balance | - the total amount of money in an account |
| minimum balance | - the least amount of money you can keep in an account at a bank in order to keep an account open |
| maintain | - to keep, to have on a regular basis |
| rates | - the amount or percentage of money given or asked for by a bank to pay for money |
Click on Checking & Savings
under Personal Banking. Scroll
down
under Accounts and Services. You
may
click on the different types of accounts. To return to the list, use
your back
button.
Think about the
following questions as you look at the site:
-
Which account
requires no minimum balance?
- What are the
kinds of accounts the bank has to offer?
- If a person
does not write many checks, what is the best type of account?
- How much is
the required minimum average balance in an EZ Account?
- With a
Citibank Account, what are some possible free services?
- Which
account requires no minimum balance?