Class: Junior Secondary School 2 (JSS2, JSS 2)
Term: 2nd Term
Week: 5
Age: 13 years
Duration: 45 minutes
Subject: Business Studies
Curriculum Theme: Business Studies
Previous Lesson: Bank Services, Types of Banks and Accounts
Topic: Bank Services (Part 2)
subject Matter: Modern Banking Services – ATM, Western Union, Money transfer, Money gram etc.

Specific Objectives

By the end of the lesson, pupils should be able to:

Cognitive Domain:
(a) Identify and describe modern banking services such as ATM, Western Union, Money Transfer, and MoneyGram.
(b) Explain the benefits of using modern banking services in daily transactions.
Affective Domain:
(a) Develop a positive attitude towards the safe and responsible use of modern banking services.
Psychomotor Domain:
(a) Demonstrate the procedure of withdrawing money using an ATM and filling forms for money transfer services.
Social Domain:
(a) Work collaboratively to simulate banking service transactions in a classroom setting.

Reference Materials

The following resources was used in planning this lesson:

9 Years Basic Education Curriculum
Lagos State Unified Scheme of work for Junior Secondary Schools
Wikipedia – ATMs
Relevant Textbooks

Instructional Materials

The teacher will teach this lesson with the aid of:

Sample ATM card and mock PIN pad
Printed forms for Western Union and MoneyGram
Whiteboard and markers
Projector or short video clips demonstrating money transfers
Charts showing differences between banking services

Rationale for the Lesson

This lesson exposes pupils to modern banking services, their practical use, and relevance in daily financial transactions.

Prerequisite/Previous Knowledge

Pupils are familiar with basic banking concepts such as deposits, withdrawals, and the role of banks in managing money.

Lesson Content/Board Summary

Bank Services – ATM, Western Union, Money Transfer, MoneyGram

Modern banking services provide convenient, fast, and secure ways of performing financial transactions beyond traditional teller services.

Automated Teller Machine (ATM)

An ATM is a computerized device that allows bank customers to perform financial transactions without visiting the bank.

The following are services offered by ATMs:

Cash withdrawal
Cash deposit
Balance enquiry
PIN change
Funds transfer between accounts

Money Transfer Services (Western Union, MoneyGram)

Money transfer services allow individuals to send and receive money across different locations locally or internationally.

These include:

Western Union – enables fast domestic and international money transfers.
MoneyGram – another global service for sending and receiving funds quickly.
Bank-to-bank transfer – transferring money directly from one bank account to another.

Benefits of Modern Banking Services

Modern banking services enhance convenience, security, and efficiency in financial management.

The following are the benefits:

Reduces the need to carry cash physically, enhancing security.
Enables quick access to money at any time through ATMs.
Facilitates business and personal transactions across distances.
Saves time compared to traditional banking methods.
Provides records and proof of transactions for accountability.

Teaching Methods/Instructional Techniques:

Discussion, Lecture, Demonstration, Explanation, Group Work, Visual Aids, Question and Answer

Instructional Procedures

To deliver this lesson, the teacher will adopt the following steps:

Step 1: Introduction

Time: 5 minutes
Teaching Skill: Set Induction
Teacher’s Activity: Teacher asks pupils if they have ever used an ATM or sent money through Western Union or MoneyGram to recall prior experiences.
Pupils’ Activity: Pupils respond with examples from personal or family experiences.
Learning Point: Pupils are motivated to engage with modern banking services.

Step 2: Automated Teller Machine (ATM)

Time: 10 minutes
Teaching Skill: Explanation
Teacher’s Activity: Teacher explains the concept of ATMs, their functions, and demonstrates usage with a mock ATM card.
Pupils’ Activity: Pupils observe, ask questions, and note key services offered by ATMs.
Learning Point: Pupils understand ATM functions and practical usage.

Step 3: Money Transfer Services

Time: 10 minutes
Teaching Skill: Discussion
Teacher’s Activity: Teacher introduces money transfer services and explains Western Union, MoneyGram, and bank-to-bank transfers using charts or videos.
Pupils’ Activity: Pupils listen, ask questions, and identify services they have observed or used.
Learning Point: Pupils recognize different money transfer methods.

Step 4: Benefits of Modern Banking Services

Time: 10 minutes
Teaching Skill: Explanation
Teacher’s Activity: Teacher lists and explains the advantages of using modern banking services for both personal and business purposes.
Pupils’ Activity: Pupils participate by providing examples and taking notes.
Learning Point: Pupils appreciate the importance and advantages of modern banking services.

Step 5: Note-Taking

Time: 5 minutes
Teaching Skill: Explanation
Teacher’s Activity: Teacher writes the board summary of the lesson for pupils to copy.
Pupils’ Activity: Pupils write notes neatly in their exercise books.
Learning Point: Pupils consolidate knowledge for future reference.

Step 6: Evaluation/Review

Time: 3 minutes
Teaching Skill: Questioning
Teacher’s Activity: The teacher evaluates the learning by asking the following questions:

List three services offered by ATMs.
Mention two money transfer services and their uses.
Give two benefits of modern banking services.
Pupils’ Activity: Pupils answer orally or write short responses.
Learning Point: Pupils demonstrate understanding of lesson objectives.

Step 7: Conclusion

Time: 2 minutes
Teaching Skill: Reinforcement
Teacher’s Activity: Teacher summarizes key points and encourages pupils to practice safe use of banking services.
Pupils’ Activity: Pupils listen attentively and ask clarifying questions.
Learning Point: Pupils commit to applying knowledge on modern banking services.

Lesson Keywords

ATM – machine for cash withdrawals and deposits
Western Union – service for sending/receiving money worldwide
MoneyGram – fast global money transfer service
Bank-to-Bank Transfer – moving funds directly between accounts
Financial Transaction – process of sending or receiving money

Differentiation

Provide step-by-step demonstrations for slower learners while encouraging advanced pupils to simulate real-life banking transactions.

Note for teachers using this lesson plan

Ensure pupils handle mock forms carefully and emphasize security measures when using real banking services. Use videos to demonstrate practical procedures where possible.