Lesson Plan

• Describe the key characteristics, typical uses, advantages and disadvantages of EFT, credit/debit card transactions, cheques and internet banking.
• Compare the four payment methods in terms of speed, cost, security and accessibility.
• Evaluate which method is most appropriate for a given real‑world scenario.
• Demonstrate how to initiate a simple EFT transaction using an online banking simulation.
• Identify common security risks for each method and suggest mitigation strategies.

• Projector and screen
• Laptop/computer with internet access (teacher)
• Printed handout with comparison table
• Sample debit/credit card images
• Sample cheque (paper)
• Worksheet activity for group work
• Online banking demo or simulation site
• Markers and whiteboard

Begin with a quick poll: “How did you pay for your lunch today?” Capture responses on the board to highlight the variety of payment methods students already use. Link this to prior knowledge of cash transactions and explain that today’s focus is on electronic and paper‑based alternatives. State the success criteria: students will be able to describe, compare and choose the most suitable payment method for different situations.

1. Starter – 5 minutes: Whole‑class poll and brief discussion of payment choices used today.
2. Direct instruction – 10 minutes: Slide presentation covering EFT characteristics, uses, pros and cons.
3. Card transactions – 10 minutes: Demonstrate a debit/credit card transaction (chip & PIN) and discuss security features.
4. Cheques – 8 minutes: Examine a sample cheque, outline the clearing process and its drawbacks.
5. Internet banking – 10 minutes: Live demo of an online transfer, highlighting login, two‑factor authentication and transaction logging.
6. Comparison activity – 12 minutes: In groups, students fill a comparison chart (speed, cost, security, accessibility) and present one key finding.
7. Check for understanding – 5 minutes: Quick Kahoot quiz or exit‑ticket questions to confirm mastery of objectives.

Recap the main advantages and risks of each payment method, emphasizing how security measures differ. For the exit ticket, ask learners to write one advantage and one risk for each method. Assign homework: research the current fees associated with one chosen method and prepare a short report recommending its use for a specific scenario.