EconEdLink Council for Economic Education EconEdLink

Online Lesson

Student's Version

Online Banking - What is it & Should I do it?

Introduction:

money

This lesson explores the topic of online banking. It explains what online banking is and it reviews the pros and cons of online banking versus traditional banking. Do you currently bank online? Do your parents bank online? If so, explore reasons why they bank online. Now take a pretest to see if online banking is for you.

Let's score your pretest:

6-10 yes

You're ready to click and bank!

3-5 yes You're still thinking about it.
0-2 yes You better stick with traditional banking.

Task:

  1. Review the pretest and see what the class results look like.
  2. Select one of the several online banking demos provided to see what online banking looks like.
  3. Review some sites looking at the pros and cons of online banking.
  4. Complete a pros & cons chart - filling in the pros and cons list.
  5. After reviewing the pros and cons of online banking, write a brief paragraph (or verbally tell) describing if you would or wouldn't use online banking using the list from the chart you made.
  6. Compose a final paper using the websites given either supporting or against online banking.
  7. End with a take-home wordfind.

Process:

1. What is online banking? Refer to any previous knowledge that you have and go to the following websites to look further into what online banking is: dollar sign

2. Check out one of the online banking demo sites porvide and walk through it step by step:

3. Open this Pros & Cons chart to begin creating your own pros and cons list while you are looking at the websites in the next step. This chart can be completed online by clicking inside a box and typing in your information. computer
computer 4. Review the following websites that detail issues in online banking as well as the pros and cons:

5. Describe why you would or wouldn't use online banking using the list you created of online pros and cons.

Conclusion:

In conclusion, the topic of online banking is highly controversial. You have looked at only a few of the pros and cons of the issue. You will now explore your own personal thoughts on the issue in your final paper.

Assessment Activity:

  1. Compose a final paper. In your paper, you should take a position in support of or in opposition to online banking. You should use information from the web sites as resources for your paper. Ask your teacher for more details on the paper requirements.
  2. To end a take-home wordfind.