1. EPF.12c evaluate services and related costs associated with personal
banking
EPF.12e prepare all forms necessary for opening and maintaining a
checking and a savings account
EPF.12f reconcile bank statements

2. There are costs associated with personal banking.

3.  check cashing
 interest earned
 debit cards
 ease of bill paying
 online account management
 direct deposit
 automated teller machine (ATM)
 improved access to loans.

4. Costs for services provided by financial
institutions include interest on loans and
fees, such as
 ATM fees
 late fees
 minimum balance fees
 returned check fees.

5. Consumers who are unbanked may have
difficulty
 establishing credit
 cashing checks without paying a service fee
 mailing bill payments
 acquiring loans
 receiving direct deposit income
 keeping income safe.

6. The process of opening a checking account or savings account involves
several steps.

7. Opening and maintaining a checking or savings
account involves
 completing an application
 completing a signature card
 presenting approved identification document
 writing/maintaining checks, stubs, and check
register
 endorsing checks
 completing deposit and withdrawal documents.

8. Reconciling bank statements is an important step in financial planning.

9.  Reconciliation is the process of bringing the
checkbook register into agreement with the
bank statement. This may be done
electronically or manually.