Balancing a Checkbook UNIT FOUR.

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Presentation transcript:

Balancing a Checkbook UNIT FOUR

Purpose of a Checking Account Advantages of a checking account Responsibilities associated with a checking account

Opening a Checking Account How to open a checking account? Fill out and sign a signature authorization form Make a deposit

Balancing and Reconciling Using a Checkbook Register Reconciling Your Checking Account

Parts of a Check (1) Check Number (2) ABA Number (3) Maker's Preprinted Name and Address (4) Date (5) Payee (6) Numeric Amount (7) Written Amount (8) Signature (9) Account and Routing Number (10) Memo

Using your Checking Account Writing Checks Paying Bills Online Making Deposits

Endorsing Checks Blank Endorsement Special Endorsement Restrictive Endorsement

Types of Checking Accounts Joint Accounts Special Accounts Standard Accounts Interest-Bearing Accounts Share Accounts