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Navigate Your Online Banking Account 1

The document is an interactive simulation that guides the user through setting up and navigating online bank accounts. It prompts the user to check account balances and activity, set up direct deposits and bill payments, and make transfers between accounts. Over the course of several simulated months, the user encounters fees, unexpected transactions, and low account balances that require prioritizing financial goals and improving money management habits.

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Justin Chao
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
331 views4 pages

Navigate Your Online Banking Account 1

The document is an interactive simulation that guides the user through setting up and navigating online bank accounts. It prompts the user to check account balances and activity, set up direct deposits and bill payments, and make transfers between accounts. Over the course of several simulated months, the user encounters fees, unexpected transactions, and low account balances that require prioritizing financial goals and improving money management habits.

Uploaded by

Justin Chao
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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INTERACTIVE: Navigate Your Online Bank Account (Short

Version)
Interactive: ​NGPF Online Bank Simulation

**Note that this is a ​simulation​ and you should NOT use any of your actual bank account information at any point!**

It’s Saturday morning, and you leap out of bed because it’s time to…

CHECK YOUR ONLINE BANK ACCOUNT! YES!!!!

Part I: Set up your account


You’ve just opened a checking and savings account at a local bank earlier this month with a deposit of $250 in each
account. Access the​ NGPF OnlineBank Simulator​ and set up your digital account for the first time by clicking ​Create an
Account​ in the upper right and following the prompts.

For the ALERT section, ✅ ​IF THE CHECKING OR SAVINGS ACCOUNT FALLS BELOW​ ​200.​ Then, log in using your new
account details you just set.

Part II: Do Some Online Banking


In the upper right, set the ​SIMULATION DATE​ to January 17, and push ​GO​. Navigate to ​Account Activity​ to see what’s
happened this month in your ​Checking Account​.

1. What is your current balance in the Checking Account? Is it more or less than you started the month with?

To get in the full swing of things with online banking, you set up ​direct deposit​ with your job at Burger Bucket. You want
to verify that it’s working correctly: You’re supposed to be paid twice a month.

2. Did your direct deposit work correctly? If so, what days did you receive your pay? How large was each deposit?

www.ngpf.org Last updated: 5/22/19


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3. What fee(s) have you incurred on your account so far? How could you prevent them from happening in the
future?

You want to make sure your account reflects the spending you’ve actually done, so you pull receipts out of your clothes
pockets from the last two weeks and find two for Cool Snacks, one for Cafe Club, one from a sale at Clothing Rack, and
an ATM slip for a withdrawal of $30.

4. Are there any items reflected on your Account Activity that you can’t account for? What are they?

5. What ​might​ be a plausible explanation for the extra entry? Give at least two possibilities.

Switch over to the ​Account Activity​ for your ​Savings Account​.

6. What’s happened so far in your Savings Account?

Hmmm, thinking back to your personal finance course, you remember you should “pay yourself first” by regularly
contributing some of your income to your Savings Account. Use the ​Make a Transfer​ feature to move $35 from your
Checking Account into your Savings Account.

7. How much is in your Savings Account now?

8. What is the new balance in your Checking Account?

www.ngpf.org Last updated: 5/22/19


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You’re working part-time, you’ve got your own bank accounts… It’s time to finally subscribe to online streaming TV and
movies from GetFlix at a monthly cost of $11. You can’t be bothered to remember to pay your bill on-time every month,
so use ​Pay a Bill​ and follow the prompts onscreen to set up auto payment to GetFlix, 2000 Maple Street, Anytown, PA
15068. Your payment is ​due ​the first of every month.

9. For what date did you set your first bill pay to GetFlix? After seeing the ALERT that appears, will your bill be paid
in time for February 1st?

Fast Forward  ⏩⏩⏩


 
​ ⏩ ​ hange the SIMULATION DATE to  
C
   
⏩
May 17 ​and push ​GO 

Part III: A Few Months Later...


Online checking is SO easy, you realize it’s mid-May and you haven’t monitored your account as closely as you had
intended to. Log into your ​Savings Account​.

10. Describe what transactions you see in your Savings Account since opening it in January.

11. You intended to “pay yourself first” with $35 into your savings account every month, but it looks like that’s not
happening regularly. What could you do to fix the problem?

You’ve just gotten your driver’s license, and your parents say you’re responsible for paying NoRisk Insurance Co (4000
Maple Street, Anytown, PA 15068) a $250 premium payment in order to be added to their account. The sooner you pay,
the sooner you can start driving. You’ll need to pay this amount every 6 months. Use ​Pay a Bill​ to make the payment
today (be sure to set the bill pay calendar to today’s date, May 17).

12. Did you set up a Single or Monthly payment? Why did you make this choice?

www.ngpf.org Last updated: 5/22/19


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UH OH! You receive a text on your phone telling you to check the ​Notification​ zone for an important alert. Head there
now.

13. What do you see in your notifications?

Worried about your Checking Account balance, go check your ​Account Activity​.

14. Should​ you be worried? Why or why not?

15. Give one short-term and one long-term priority you have for your online bank accounts. Explain why you chose
these goals and how you plan to achieve them.

www.ngpf.org Last updated: 5/22/19


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