Introduction This power point presentation is titled writing checks. The intended audience for this presentation is high school students but it could be.

Slides:

Advertisements

Similar presentations

Checks & Payment Methods Ch PoB The First Deposit Starts with providing personal data and a sample of your signature Signature Card – document.

Advertisements

Check Writing All About Checks.

How to Write a Check Adam. What Are Checks Checks are like cash, except the money comes out of your bank account via check. With checks, there is a checkbook,

Writing Checks.

Check Writing All About Checks.

Carl Johnson Financial Literacy Jenks High School.

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

CREATIVE LIVING PG. 311  Write the answers on the back of the worksheet on the middle table  Get a pair of scissors.

Your Checking Account Life Choices _________. Brief Checking Account Facts _____ to manage your money Can write checks for the _____ Safe to _____ Can.

Checking Accounts and Other Banking Services

7.2 Use Your Checking Account Goals: ◦Understand the purpose of a checking account. ◦Demonstrate how to write, endorse, record, and deposit checks. ◦Identify.

Checking Accounts and Banking Services

Check Writing All About Checks. Check Writing Checks include the following information:

Checking Accounts & Other Banking Services Business Department Mrs. Pollison.

LEARNING ABOUT FINANCIAL SERVICES. What is a Financial Institution? §An organization that provides services that everyone needs to manage money (p 57)

Teens banking services 04/09.

Teens 04/09. Beware The High Cost Of Financial Services pawn shops charge very high interest for loans based on the value of tangible assets (such as.

. 1. Personal information about you, the account owner 2. Payee line. Who the check is payable to 3. The dollar box The amount of the check in numerical.

Checks & Payment Methods CHAPTER 17, SECTION 3. The following are some of the benefits that checking accounts provide for consumers. Convenience and ease.

Checking Accounts Making a deposit Writing a check Maintaining a checkbook register Balancing a checking account.

Checking Accounts and Other Banking Services

Checks, Deposits, Registers, and Reconciliations.

Checking Accounts & Banking Services. Purpose Checking account: an account that allows depositors to write checks to make payments Check: written order.

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.

7.2 Use Your Checking Account

 For thousands of years, people have used some sort of currency or type of money to pay for things they want. Different countries and cultures have used.

Check Writing All About Checks.

Checking & Banking Adult Living. Why checks? Safer than cash –Can cancel if lost/stolen –Can only be cashed by payee Can only spend what you have (vs.

Identifying the Parts of a Check. Parts of a Check A check is paper issued by a bank that allows the account holder to draw money from her account for.

BANKING SERVICES Activities involved in accepting and safeguarding money owned by individuals and companies and lending it to earn a profit.

Ms. Smith. 1. Choose a bank. 2. Pick the product you want (individual or joint). 3. Provide your information. 4. Agree to terms. 5. Congratulate yourself!

Bellwork Why is it important to know how to write checks? Get notes out.

Checking Accounts & Banking Services

Managing Your Money with a Checking Account

Check Writing All About Checks. Check Writing Checks include the following information:

1 Cheques and Bank Statements. Cheques Date Indicates the date the cheque can be cashed Post-dated cheques are written in advance Identification Numbers.

Part 3: Check Writing Dollars & Sense. Tips for Good Check Writing 1. Write checks in ink. 2. Only write checks if you have money in account to cover.

 ease with which asset can be converted to cash  Most Liquid Asset:  Cash  most in need of protection.

Check Writing All About Checks. Check Writing Checks include the following information:

Chapter  Convenient  Safe  Proof of payment  Record for financial management.

How to write a check International Student Orientation.

An overview. What is a Check? A negotiable instrument used in place of cash A written order to a bank to pay a stated amount from an owner’s account Can.

8-1. Unit 8 Paying Employees McGraw-Hill/Irwin Copyright © 2006 The McGraw-Hill Companies, Inc. All rights reserved.

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.

Using Checks And Other Payment Methods

Banking/Budgeting Unit. Interest Review You invested $37, in the bank. The account yields 12%, is compounded monthly, and sits in the bank for 12.

Understanding Business and Personal Law Checking Accounts Section 24.1 Writing Checks Checks are: Using a Checking Account the most common kind of negotiable.

Checking Accounts. Types of Checking Accounts  Regular Checking  Designed for people who write a few checks each month and do not keep a minimum amount.

PARTS OF A PAYCHECK. Parts of a Check ■Check Number –Checks are numbered for easy identification ■ABA Number –The American Bankers Association (ABA) number.

Check Writing Information By: Ms. Mary Roberts. CHECK WRITING TIPS USE BLUE OR BLACK INK PEN ONLY. BECAUSE THEY ARE PROFESSIONAL COLORS. DO NOT USE A.

Creating a Budget Review  Determine your income.  Determine your fixed expenses.  Determine your flexible expenses.  Total your expenses and subtract.

Check Writing All About Checks. Check Writing Checks include the following information:

Check Writing All About Checks. Check Writing Checks include the following information:

0 Glencoe Accounting Unit 2 Chapter 11 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 11 Cash Control and Banking Activities.

Banking Services presentation slides. Compare Checking Accounts location branch offices; hours of operation; availability of ATMs fees monthly fees; per.

Check Writing All About Checks.

Tracking Your Money Standard 4. Managing a Bank Account

Check Writing All About Checks.

Parts of a Paycheck.

Check Writing All About Checks.

Check Writing All About Checks.

Check Writing All About Checks.

Check Writing All About Checks.

Check Writing All About Checks.

Check Writing All About Checks.

Check Writing All About Checks.

Check Writing All About Checks.

Check Writing All About Checks.

Check Writing All About Checks.

Presentation transcript:

Introduction This power point presentation is titled writing checks. The intended audience for this presentation is high school students but it could be used for anyone who doesn't know how to correctly write a check. The goal of this presentation is for students to learn the proper way to fill out a check and understand what to do if a mistake is made when preparing a check. The presentation gives the audience tips for writing a check and then proceeds to explain each step that needs to be taken in order to correctly complete a check. A mini demonstration follows each step in the completion process.

Writing Checks

When writing a Check: Your telling your financial institution to take a certain amount of money out of your account. You should be careful to write checks correctly to avoid costly and embarrassing mistakes. A blank check has a space for quite a bit of information. When you write a check, you will want to fill in each of the spaces correctly.

Tips for writing a check: Always use black ink. Date the check the day it is written, even if its Sunday or a holiday. Do not postdate a check, financial institutions will not cash a check before the date that is written on the check. Most businesses will not accept a postdated check as payment.

Who is the check for? In the blank after the words Pay to the order of write the name of the payee. Spell it correctly, and do not use any abbreviations that may cause confusion. Click on picture to see it!

How much is the check for? Record the amount of money to be paid clearly in the space after the dollar sign. Never leave a space between the dollar sign and the numerals (this may allow someone to alter the amount). Click on picture to see it!

Write amount in words… On the next line, write out the amount of dollars in words. Then write the word and, followed by the number of cents written as a fraction of 100. Start with writing at the extreme left of the blank. Fill in any leftover space with a line. Click on picture to see it!

Write yourself a note… Most checks have the word for or memo and a blank in the lower left-hand corner. You do not need to fill in this blank, but doing so will help you keep clearer records. When you write a check for a purchase, make a note of what you have bought. Click on picture to see it!

Sign It! Finally, there is a blank for your signature. Always use the same signature you filed with your financial institution. Be sure you have written the name of the payee and the amount to be paid before you sign the check. Click on picture to see it!

Dont forget… Immediately after writing a check, make a note of it in your check stub or in your register. Write the check number, the date, the payee, and the amount in your register. This is necessary for complete and accurate records.

Make a mistake? Oh no! I made a mistake. Can you figure out whats wrong? You are right! The check needs to be signed Amy Nelson not Andrew Small! Do not change or cross out any part of a check. If you make a mistake, write the word VOID across the check and tear it up. Then start again with another check. Be sure to make note of the void check on the check stub or in your check register. Click on picture to see it!

Here is what the check should look like…

References Ryder, V., Harter, M. Contemporary Living, Illinois: The Goodheart- Wilcox, Company Inc. (1990)