Overview of Banking Training for
Managers: Coordinators/Bankers
Items to Be Covered
At the Bank Training
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Overview of On-line Banking
System
Passwords and Security
Personal and Business
Checking Accounts
Branch Banker Job Description
Bank Account Types
Personnel Finance Assignment
Proposed Ways to Stimulate
the Economy
Communication Between
Branch Bankers When
Problems Arise
• Making individual accounts for all
employees
•Writing down all usernames and
passwords
•Depositing $6,000 Signing Bonus at the
training for all employees
•Figuring out salaries and how to run a
payroll for employees after the training
•www.salary.com
•www.paycheckcity.com
•Frequently Asked Questions with
Possible Answers
Branch Banker Job Description
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The VirtuBank Branch Banker position is one of the most
vital jobs in the Virtual Enterprise Simulation. This document
will try to describe the duties and responsibilities of that
position. Listed below are the primary jobs required of the
branch banker.
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Establish company account
Maintain records of company payments
Responsible party for company payments
Establishes individual customer accounts
Maintains records of individual customer payments
Responsible party for collections of past due accounts
Reports individual customer delinquency
Communicates regularly with other branch bankers on financial
matters
Communicates regularly with central office on overdue account
matters
Serves as watchdog over his financial institution rating
OVERVIEW of ON-LINE
BANKING SYSTEM
Click on Virtual Enterprises
US Network Bank
OVERVIEW of ON-LINE
BANKING SYSTEM
Overview of the US Network
Bank: California Network
CHECKING
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Checking accounts in the US Network Bank are
the only accounts with which a customer can
make outside payments – payments made to
other individuals or companies.
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There are 2 types of Checking Accounts:
Checking – No minimum balance or
service charge. This is recommended for all
employees at first.
 Interest Checking – Compounded interest on
balances with a monthly service charge.
Minimum balance for this account type.
 Budget
BUSINESS CHECKING
Business Checking is Budget Checking as
there is no minimum balance that must be
maintained. Interest Checking for
businesses that have a $250 minimum
account balance every 30 days.
 All company accounts were set up as a
Budget Checking account to begin with.
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PERSONAL CHECKING
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Personal Checking may be a Budget or noninterest earning account or Interest-earning
account used by students, teachers, and visitors.
Employees will receive a signing bonus of
$6,000 when company account is opened.
There is a monthly service charge of $10 if the
account is an Interest checking account.
SAVINGS
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Savings accounts in the US Network Bank earn
interest, but do not allow customers to make
payments outside of their own account. There is
a $5/month fee associated with US Network
Bank savings account. Both Business and
Personal Savings accounts in the Network Bank
are functionally the same. If you would like to
make a payment with money in your savings
account, transfer the money from your savings
account to your checking account, and then
make the payment from your checking account.
SAVINGS INTEREST
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Interest – Interest on your account is
compounded daily using a 365-day year, and is
calculated on your interest earning balance. The
interest rate is subject to market conditions, is
determined by us from time to time, and can be
changed. Interest earned on your account will be
paid on or near the first of each month. The
minimum balance is $2,000 for APY (Annual
Percentage Yield). The APR rate is 5% and the
APY rate (rate on the interest) is 5.13%.
JPMorgan Chase Bank:
USVENet CARD
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Credit limit: $2,500.
No annual fee.
Interest charges can be avoided by paying the full outstanding credit
card balance (= balance of the previous month) by the payment due
date.
A monthly minimum payment of 10% of your outstanding credit card
balance is required to keep your account current.
The checking account that you specify below, will be used for
automatic payment of the minimum required payment per month.
Payment due date is 21 days from the end of the previous month.
If full payment of the outstanding balance is not received by the
payment due date, interest is charged based on the daily balances
of the account. Current APR: 18%.
The minimum payment must be received by the payment due date,
with a grace period of one month, to keep your account in Good
Standing.
USVENet CARD (cont.)
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Checking account to be used for automatic payment.
By opening the specified Account you agree to be bound
by the terms of this Agreement whether you are acting in
your individual capacity, in a fiduciary capacity, or in your
capacity as an officer, agent, or representative of any
business entity or association with regard to any such
Account. You also acknowledge receipt of and agree to
be bound by our Truth-In-Lending Disclosure, Rate
Schedule and Fee Schedule as amended from time to
time and to conform to our rules, regulations, by-laws,
and policies now in effect and as amended or adopted
hereafter.
http://165.155.104.252/i-bank/
 Used By All Company Employees
 Viewing Personal or Business
Checking/Savings/Credit Card accounts
 Transfer funds between Checking and
Savings accounts
 Make Payments
 Viewing Pending and Successful
Transactions
 Add/Delete Payees
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CREATE NEW ACCOUNTS
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LOGIN TO BANK
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Go to http://165.155.104.252/Default.aspx. or click on Virtual
Enterprise U.S. Network Bank on VE website.
Use Company User ID (RegNo ending in 4 zeros) & Manager’s
Password provided by VEC, and click on Login button.
Log-on with Company User ID
Password is Manager’s Password: 2
words with a + between them
CREATE NEW ACCOUNTS
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CREATE STUDENT ACCOUNTS (Bank Manager)
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Select Service from the menu pane.
CREATE NEW ACCOUNTS
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Select Generate application codes for students from the link
below Manager’s facilities heading.
 Enter the number of new student accounts to be created in the input cell, then
click Generate application codes.
# of Students plus Coordinator plus
Visitors’ Account plus extras
CREATE NEW ACCOUNTS
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PRINT THE NEXT SCREEN! These are the codes for applying for
new accounts. Note that application codes are shown in two
columns- Applicationno and Keycode.
After this form printed, click
on “printable form” for
students
CREATE NEW ACCOUNTS
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Printable Form for Students online:
Application Codes for Opening a Personal Checking Account
Student/Employee Name: _____________________________________________________________
VE Registration Number/Code of Firm: _____________________________
Applicationno: ________________
Keycode: _______________
Apply before: ____________________________
To Apply Online for a Personal Checking Account:
1.
Go to http://165.155.104.252/i-bank/
2.
Click on the 'Sign up' link in the Sign up for Student Checking Account section.
3.
Enter the VE registration code of your firm, the applicationno and keycode in section 1 of the online application
form.
4.
Enter your first name, last name preceded by company initials & e-mail address in the section titled 'Account
owner'.
5.
Select Budget Checking in the section titled 'Account Type'.
6. Click on the Submit Application button
Please write down account number, user id and password. To prevent unauthorized access to your account:
Write your password on a separate piece of paper and do NOT keep it together with your user id.
Destroy the paper containing your password after learning it by heart.
Keep information about your user id and/or password in a safe place.
User id and password should be known only by employee & coordinator.
7.
Account number for each employee should be on record with the accounting/payroll department.
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Click the Sign up link at the bottom of the window to display the
Student Checking Account Application form.
Enter the following information in the screen shown below:
Fill in entire first name instead of
initials
Precede last name with company
initials
Type of checking account
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7-digit registration code (RegNo) for his/her firm.
Applicationno and Keycode supplied by the firm’s accounting
department or bank manager.
First Name instead of Initials.
Last Name preceded by Company Initials. Example:
VECPhillips…
E-mail address
Account Type from dropdown menu. It is recommended that all
students first open a Budget Checking account as there is no
minimum deposit requirement.
Click Submit Application button.
Print and record the RegNo and Password information
in the next screen. A copy of this sheet should be
filed with the accounting department in case
password is misplaced.
PASSWORDS
Employees may change their passwords when
logged into their account. If password is forgotten,
contact your Central Office.
To change your password:
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Log into your bank account.
Select Service.
Select Change Password. This screen appears on the
next slide.
The minimum required password length is 5 characters.
Passwords are case-sensitive.
All information
is required
 Select Save.
Note: After changing passwords, employees must give the new
information to the accounting department.
LOG INTO AN EXISTING ACCOUNT
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Enter User ID and Password and click Login button.
URL – http://165.155.104.252/i-bank/
User ID
Password
ADD NEW ACCOUNTS TO THE
PAYEES LIST
Click Payees on the menu pane.
Click the View payees of dropdown
box and select the country where your
payee resides.
Click the State dropdown box and
select the state where your payee
resides.
Select either Corporate accounts or
Personal accounts using the radio
buttons.
View Payees
State
Corporate
Personal
Locate the payee using the alpha buttons at the bottom of the screen,
and the Next link until you get to the correct screen.
Add or delete payees by clicking the Add or Remove links at the right
of each account (you may need to scroll to the far right depending on
your display or screen settings).
Note: The payee will only be added to the account of the user who is logged in.
Each account holder will have to create their own payee list.
Click to Add Payee
Click to Remove Payee
Click for Next payee page
Alpha Buttons
MAKE A PAYMENT TO AN
EMPLOYEE OR FIRM
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Click on the Bill Payment link on the menu pane.
Click the From Account dropdown and select the account from which
you wish to make payment.
Click the To Payee dropdown list and select your payee.
Click in the Amount box and enter the payment amount as a decimal value
(do not enter a $ or commas).
Click the Currency dropdown and select the currency type if other than
USD.
Click in the Description box and enter a brief description of the transaction.
Click the Date calendar dropdown to the right of the date box to select the
date for transaction to occur if different from date shown.
Click the Frequency dropdown & select how often payment should be
repeated. The default if One Time.
Note: Pay close attention to the selections for Frequency to avoid a costly mistake.
Click Save to process payment if the is the only payment you will make.
Note: You may schedule additional transactions by clicking Save and Add another.
Note: If necessary, Edit or Cancel the payment transaction from the screen above.
PAY AN INTERNATIONAL FIRM
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The process to pay an international firm is the same as paying a
domestic firm as shown in the previous section. However, note the
following:
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If you are billed in USD, pay in USD. The receiving firm will receive
payment in their local funds, and the conversion calculation will be
based on the current FOREX rate.
 If you are billed in a foreign currency (e.g. Euro/CAD/GBP), select that
Currency from the dropdown. Your account will be debited in USD
based on the current FOREX rate.
Currency dropdown menu
PROCESS A CREDIT CARD
PAYMENT
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To receive payment by credit card from a US Network Bank
cardholder at trade fairs or for sales:
Select Process Credit Card
Payment in the menu pane.
Click in the Credit Card No
text box and enter the card
number.
In the Exp. date area, select
the credit card expiration date.
In the Amount text box, enter
the amount of the sale using
decimal entry (no $ or commas).
Select the To Account drop
down, and select the account to
which the payment will be made.
Note: Credit cards should be verified as
current. This amount will be deposited
into the To Account entered in step 4,
and will be billed to the payee.
ADDITIONAL MENU FUNCTIONS
Shows account summary information plus chronological
transaction records.
Transfer funds to pay credit card balance.
Transfer funds between personal accounts.
Display a list of pending transactions. Transactions may
be edited or deleted from this window.
Perform all account profile changes including password
change.