Economics: Today and Tomorrow © 2012

"The Internet — Bank on It"

Introduction
An increasing number of Americans are using the Internet for research, shopping, connecting with friends, and entertainment. One of the more beneficial uses of the Internet may be online banking, or home banking, as people become more and more pushed by time. Being able to manage your finances from the comfort of your desktop makes banking easy and convenient. Bank of America, the United States' largest commercial bank, has a nationwide network of online banking. At its Web site, Bank of America discusses the advantages of home banking.

Destination Title: Bank of America Web site

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Directions
Start at the Bank of America Web site.

• Read through the site, taking notes as you go.
• Be sure to click on the "Checking" and "Savings and CDs" links to complete your research. You may need to enter your state to get specific information.

1			What do you need to get started banking online?
2			For the consumer, what are the advantages of banking online?
3			What customer services are available online?
4			How does the bank ensure security?
5			Using your findings, create a tutorial that Bank of America could use to encourage consumers to bank online.