Financial Foundations: Mastering Banking Basics

Learn the essentials of managing money confidently by setting financial goals, and explore the basics of budgeting, credit management and fraud prevention. This foundational webinar will help you take the first steps towards financial freedom. By the end of this webinar, you'll learn to: 1. Recognize the importance of setting strong financial goals. 2. Learn about different types of bank accounts and their uses. 3. Get introduced to online and mobile banking. Brought to you by the Massachusetts State Treasurer's Office of Economic Empowerment, and powered by Citizens. Learn more about the Worth & Wealth Seminars at mass.gov/Worth&Wealth Chapters: 0:00 Introduction 1:44 Course Objectives 2:50 Setting Financial Goals 7:06 Financial Institutions and Banking Products 12:55 Questions to Ask at the Bank 15:12 Account Opening Steps 20:08 Understanding Interest 23:06 Types of Bank Fees 29:59 Overdraft fees 34:05 Managing Your Account 37:26 Online and Mobile Banking 39:08 Writing a Check 41:07 Debit Card Basics 44:04 Budgeting and Savings 50:03 Credit Basics 55:44 Fraud Prevention 57:06 Additional Resources