How to pay bills on the H&R Challenge?

Slides:



Advertisements
Similar presentations
Teens 2 lesson six using banking services presentation slides 04/09.
Advertisements

Writing a Check To pay for items using a checking account A check is given as a form of payment Must be completed and given to the person or business.
Checking Accounts. Things Not To Do Don’t write checks for more money than you have in your account. ▫You could be charged an overdraft fee by your financial.
Checking Accounts and Other Banking Services
Bank Reconciliation. What is bank reconciliation? A process that allows individuals to compare their personal bank account records to the bank's records.
Using A Check Book 3 rd Grade Math Jeanette Conner.
FINANCE Chapter 9 Checking Accounts and Other Banking Services.
Common payment services What are the common payment services provided by financial institutions? 1.
Checking Accounts Chapter 29.
Why It’s Important Paying with checks is the most common and safest medium of exchange.
Checking Accounts and Other Banking Services
Checking Accounts Chapter 9. Basics Check: ▫Written order to bank to pay the amount stated to the person or business named on it. Demand deposit: ▫Money.
Chapter 29 Checking Accounts pp
Objective 4.02 Understand the banking system Classification of financial institutions.
Copyright 2014 © W. Seth Hunter ConsumerMath.org L3.2 Using the Check Register Being proficient in paying bills and tracking finances is important to ensure.
Chapter 10 Banking.
Banking Math 10 Essentials. Banking Transactions A bank is an financial institution which deals with cash, domestic and foreign, receives and stores deposits.
Checking Account Simulation Understanding Checking Accounts.
Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Checking Accounts 9.
Chapter  Convenient  Safe  Proof of payment  Record for financial management.
PRODUCTS OF BANKING. Endorsements Before you cash, deposit, or transfer a check to someone else, you must first endorse the check. Endorse: to sign your.
BALANCING YOUR CHECK REGISTRY LESSON 3. SHORT CLASS DISCUSSION… What does it mean to “balance” something?? ______________________________________________________________.
1 Common Payment Services - EFT Electronic Funds Transfer (EFT) Banking method in which computers and electronic technology is used as a substitute for.
Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Checking Accounts Banking Services and Fees 9.
Checking Accounts CheckCheck A written order to pay a stated amount to a person or business Checking accountChecking account  Also known as “demand deposit”
 Safe – don’t have to carry cash, but easy access to money  If carry cash, too easy to spend  Provides you w/ a record.
More about checking … Completing the checking packet.
Checking Accounts Open, Manage, and Reconcile. 1. What is a checking account?  A checking account is opened at a bank or other financial institution.
Lesson 5.2 Banking Services and Fees
Teens 2 lesson six using banking services presentation slides 04/09.
Checking Account & Debit Card Simulation
Tracking Your Money Standard 4. Managing a Bank Account
Check Writing.
Credit Cards What You Need To KNOW.
Checking & Savings Accounts Lesson 2: Checking Account Basics – Part 2
Open, Manage, and Reconcile
Banking: Managing your money
Checking Account & Debit Card Simulation
Banks!.
Financial Institutions and Services
Financial Concepts &Terminology
LESSON TWO: PERSONAL SPENDING
Lesson seven credit presentation slides.
Basic Banking Services
Banking Lesson 4.3.
Basic Banking Services
Teens lesson six banking services presentation slides 04/09.
How to use a checking acct
Checkbook Terminology
Checking Basics.
What Can You Do With Money
using banking services
Chapter 9: Checking Accounts and Other Banking Services
Teens lesson six banking services presentation slides 04/09.
Teens lesson six banking services presentation slides 04/09.
Teens 2 lesson six using banking services presentation slides 04/09.
using banking services
Teens lesson six banking services presentation slides 04/09.
Teens lesson six banking services presentation slides 03/08.
Personal Financial Literacy: Personal Debt
Lesson #1 - How to write a check
Checking Account Check: written order to a bank to pay a specific amount to a person/business (payee) Canceled check: a check that has cleared the bank’s.
17-3 Checks and Payment Methods
Banking Skill 10.
Bell Ringer: Answer these questions:
Viking Independent bank Mrs. sorrell
Teens lesson six banking services presentation slides 04/09.
LESSON 5-3 Journalizing Dishonored Checks and Electronic Banking
Lesson 4.2 Banking Services and Fees
Balancing a Checkbook UNIT FOUR.
Presentation transcript:

How to pay bills on the H&R Challenge? To pay a bill, you will need to go to the bank page and schedule a payment using the online bill pay.

What does it mean by bouncing check? It means that you wrote the check and it cleared for more money then you had in your account.

What do you write in the payment/deposit amount when the change is zero? You write zero, draw a line through it, or leave it blank. Carry the subtotal amount to the net deposit amount

What happens when you die with a lot of debt? When someone dies, debts they leave are paid out of their 'estate' (money and property they leave behind). You're only responsible for their debts if you had a joint loan or agreement or provided a loan guarantee

What is the memo used for on a check? If it’s a bill, write your account number If it’s a fund raiser or payment to a school activity write a small note You can also leave it blank because financial institutions do not require you to write anything

How to fill out a deposit ticket? https://www.youtube.com/watch?v=IUwW5FutYE4

How to balance your check book https://www.youtube.com/watch?v=4KLuuSY2UlQ&feature=youtub e_gdata

Dating system on a check You can write the date in a short or long date February 9, 2017 2/9/17 Never give some a post dated check, especially if it’s a creditor. They may charge you a fee Remember a check can only be deposited or cashed on or after the date that is written on the check