Idea 5of 23Builds onGift cards and cheques
Pick the way that fits
With so many ways to pay, how do you choose one?
Today you'll discover
- where each way's money comes from
- what each way is good for
- how to choose for a situation
Think firstLena wants to send her cousin $40 today
Lena lives in Thunder Bay and her cousin lives in Ottawa. Which way fits best?
Decide first, then press Next. Read across one row at a time.
A situation along the top: Lena wants to send her cousin in Ottawa $40, today. Under it, a table of six ways to pay: cash, debit card, credit card, e-transfer, cheque, gift card. Columns appear for where the money comes from and what each is good for. Then a bake sale with no card reader, with the cash row outlined. The last step asks about a $25 present for one bookstore.
See the whole ideathe big idea and the key word, in one place
The big idea
The way to move money depends on where it is going, how fast, and how safely.
Six ways
Cash, debit card, credit card, e-transfer, cheque and gift card. Phones and watches can tap to pay too, from a linked account.
cashdebitcredite-transferchequegift card
Easy to get wrongSome ways have rules: debit and credit cards have age limits, and a bank must approve a credit card.
Key word
- payment method
- a way of moving money: cash, a card, a cheque, an e-transfer or an online payment
Ready to use it?
- Match a situation to the way of paying that fits.
- Explain why another way would not work.