© South-Western Educational Publishing Chapter 9 Checking Accounts and Other Banking Services Checking Accounts Other Banking Services and Fees
GOALS © South-Western Educational Publishing Lesson 9.1 Checking Accounts
© South-Western Educational Publishing Checking Account
© South-Western Educational Publishing Opening a Checking Account
© South-Western Educational Publishing Parts of a Check ARDYS JOHNSON Phone: West 18 th Avenue Chicago, IL SKY CENTRAL BANK Chicago, Illinois PAY TO THE ORDER OF DOLLARS For Classroom Use Only MEMO DATE $ July 1, 20-- Food Mart Thirty-six and 12/100 groceries Ardys Johnson
© South-Western Educational Publishing Using Your Checking Account Writing checks Paying bills online Making deposits Using a checkbook register
Writing Checks
Online Banking
Making Deposits
Using a Checkbook Register
© South-Western Educational Publishing Reconciling Your Checking Account 1.Write ending balance from bank statement. 2.Add credits or deposits not on statement. 3.Total lines 1 and 2. 4.Write total outstanding checks/debit transactions. 5.Subtract line 4 from line 3. (Should agree with checkbook balance)
© South-Western Educational Publishing Endorsing Checks
© South-Western Educational Publishing Types of Checking Accounts
GOALS © South-Western Educational Publishing Lesson 9.2 Other Banking Services and Fees
© South-Western Educational Publishing Other Banking Services Guaranteed-payment checks (certified checks) Money orders (if you don’t want to use cash/don’t have a checking account – it can’t ever bounce) Debit cards and bank credit cards Online banking ATM’s Telephone banking Stop payment orders Safe deposit boxes Loans Financial services
© South-Western Educational Publishing Bank Fees Examples of bank fees