FL10.3 Research products and services provided by various financial institutions.
Navigating Financial Services
The third episode of the “Cash Class” series looks at the pros and cons of different financial institutions and accounts, and strategies for finding trusted financial advice.
This video was specifically designed to address all of the Learning Indicators of Outcome FL10.3, and serve as a real-life scenario companion piece to the Building Futures in Saskatchewan curriculum correlations.
Ethan just got his first job and needs a place for his paycheque. Should he choose a traditional bank, a member‑owned credit union, an online bank, or an Indigenous institution? In this episode, we compare the advantages of each. Viewers also learn the difference between chequing and savings accounts, the pros and cons of debit versus credit, and why direct deposit is a secure and convenient way to get paid. We wrap up by showing how to find trustworthy financial advice—avoiding biased content and seeking reputable sources.
Reflection question: If you were Ethan, which institution would you choose and what features—low fees, physical branches, member ownership—matter most to you?
This Outcome Looks At:
Various types of financial institutions.
Indigenous financial institutions and others responsive to various cultures in Canada.
Common financial services or products.
Youth, student, and adult bank accounts.
The process and requirements for applying for an account at a financial institution.
How to obtain direct deposit information from a financial institution.
Sources for obtaining unbiased financial advice.