Do Now 1)What is a checking account? 2) What is the difference between a checking account and a saving account?

Slides:

Advertisements

Similar presentations

Do Now 1) What does APR stand for? 2) What is the cost of credit?

Advertisements

KaChing!, Lesson 3: Cash the Check and Track the Dough

Display slides 2 and 3 with Procedure step 2 in the lesson.

Checking and Savings Account Chapter 5. Tools of Monetary Asset Management Low-cost, interest-earning checking accounts (Type 1). Interest-earning savings.

Financial Institution Frenzy G1 © Family Economics & Financial Education – April 2006 – Get Ready To Take Charge of Your Finances – Financial Institution.

Using a Bank or Credit Union consumer.gov. Why use a bank? A bank is a place to keep your money safe A bank’s services include: – checking accounts and.

Banking Basics. Getting the idea Banks have different types of accounts for your money. A bank account earns interest if the bank pays you an additional.

 How to Manage Your Cash › Daily Cash Needs  Lunch, movies, gas, or paying for other activities  Carry cash  Go to an ATM  Credit Card  Know pros.

© Thomson/South-WesternSlideCHAPTER 231 BANKING AND CREDIT 23.1Financial Institutions 23.2Checking Accounts 23.3Credit and Its Use Chapter 23.

Checking Accounts Consumerism. Objectives By the end of this lesson, TLWBAT: 1.Write a check 2.Complete a check register.

Banking products and operations. withdrawal A withdrawal in a bank / withdraw money = to take money out of a bank account.

Do Now: Banking Basics By the end of this block you should have an understanding of personal banking services and how they can benefit you.

All I can do is remind them of the truth of Albert Einstein’s alleged response when he was asked, “What do you, Mr. Einstein, consider to be man’s greatest.

Checking Accounts and Other Banking Services

Banking. Checking Accounts  A safe and easy way to manage the money you make when you are working is with a bank checking account.  This account allows.

(Usually have to be 18 years old to open & get ATM or debit card)

Economics Paycheck.

Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Banking Services and Fees 9.

Bank On It FDIC Money Smart for Young Adults Building: Knowledge, Security, Confidence.

Do Now 1)What does it mean to "invest"? 2) Why do you think it is best to start saving at a young age?

© Oklahoma State Department of Education. All rights reserved. 1 Tracking Your Money Standard 4. Managing a Bank Account.

Bank On It 1. 2 Purpose Bank On It : Is an overview of banking services. Will help you build a positive relationship with banks, thrifts, and credit unions.

Read to Learn Discuss the different types of checking accounts and how they work. Discuss other services and offerings that banks provide checking account.

 CONVENIENT  HELPS YOU KEEP TRACK OF MONEY: USING THE CHECK REGISTER OR ONLINE BANKING  SAVES YOU MONEY – EXPENSES ARE LESS THAN MONEY ORDERS.

Checking Accounts and Other Banking Services

 How to Manage Your Cash › Daily Cash Needs  Lunch, movies, gas, or paying for other activities  Carry cash  Go to an ATM  Credit Card  Know pros.

Do Now 1)What is a franchise? 2) What do you think is a benefit to opening a franchise?

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.

Problem Solving Bellringer Objective: Understand Personal Banking Problem: Solve for the variable x 3x + 2 = 11.

Checking Accounts. What is a checking account? A bank account that allows easy access to the funds. You can use your checking account to pay bills. With.

Bank Accounts. Deposit Account: Deposit Account: An account at a banking institution which allows the account holder to deposit money into or withdraw.

Part 2: Accounts Dollars & Sense. Accounts Offered by Banks & Credit Unions Savings Certificates of Deposits (CD’s) Money Market Checking.

Savings & Checking Accounts. Saving Basics Savings accounts provide an easily accessible place for people to store their money and to have money for emergencies.

Banking Savings Checking Credit Cards

HOW TO FINANCE YOUR LIFE Financial Literacy. Savings Accounts Saving – The process of setting money aside for a future date instead of spending it today.

Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Checking Accounts Checkbook Practice 9.

Copyright © 2009, Thinking Media, a division of SAI Interactive, Inc. All rights reserved. The Career Ready 101 logo is a registered trademark and Career.

 SAVINGS ACCOUNTS Georgia 4-H Cottonbowl and Consumer Judging.

 A place you put money that you spend quickly  Not money intended for saving  Monthly statement sent to your house by the bank.

Money is safe from loss, theft or fire Each account is insured by the FDIC (banks) Canceled checks are proof that you paid a bill. Using check-cashing.

Reasons we save... Emergencies Purchases Wealth building (future)

Checking Accounts/Banking Services Checking Accounts Used for regular spending money and to pay bills Write checks or use debit card to spend from.

Do Now 1)What is a contract? 2) What does it mean when people talk about "the fine print"?

CHAPTERS 9 & 10 WHERE TO STASH YOUR CASH. LEARNING TARGETS Students can… Explain how banks make a profit Identify types of checking accounts Fill out.

A checking account is also called a “demand” deposit account because funds can be withdrawn, or “demanded” at any time by cashing a check. Check Writing.

* Do you have a checking account or credit card that you pay for? Do you know how to manage a checking account or credit card? * Please put your responses.

Choosing and Balancing a Checking Account Personal Finance.

Budgeting and Money Management. How to set up a budget? Budget- plan for saving and spending your income 1. Determine your income 2. Track your expenses.

GOALS BUSINESS MATH© Thomson/South-WesternLesson 3.2Slide 1 3.2Electronic Banking Record electronic banking transactions Find account balance when banking.

Objectives  Explain the various electronic banking methods.  Identify characteristics of checking accounts.  Compare checking accounts at various financial.

Financial Service Providers SELECT YOUR OWN FINANCIAL SERVICE PROVIDER 1©2012 National Endowment for Financial Education | Lesson 5-4: Financial Service.

Financial Institution Frenzy G1 © Family Economics & Financial Education – April 2006 – Get Ready To Take Charge of Your Finances – Financial Institution.

What is a Checking Account?  A payment account  Allows easy access to cash via checks, debit card, or online bill pay  Should only hold money that.

Considerations: Size of institution Location Years in business Rates of interest Availability for emergencies.

Debit Cards and Checking Accounts INDEPENDENT LIVING NOVEMBER 18, 2015.

CHECKING ACCOUNTS From local banks By: Oscar Saenz and Samuel Shin.

$0.01 $1 $5 $10 $25 $50 $75 $100 $200 $300 $400 $500 $750 $1,000 $5,000 $10,000 $25,000 $50,000 $75,000 $100,000 $200,000 $300,000 $400,000 $500,000 $750,000.

BY: HALEY GOLD Savings Assignment. Charter One Checking Account (Personal Checking With Interest)  Minimum Balance Required: $50.00  Fees Charged: $11.99.

Where Do You Save Your $$$ ? Gr. 4 Financial Literacy.

Checking account – An account held at a bank, credit union, or other financial institution in which account owners deposit funds. Account owners have the.

What are check OVERDRAFTS and how can this impact my account and other accounts? 1. Why should I maintain a check register? 3. How do I reconcile.

Checking account - an account held at a bank, credit union or other financial institution in which account owners deposit funds. Account owners have the.

Do Now Why do people have checking accounts?. Unit 4: Lesson 13: Checking Accounts Day 1 Objective: identify vocabulary terms related to checking accounts.

Electronic Banking 7.3. EFT  Electronic Funds Transfer Banks ability to move money from one account to another by computer  Advantages to Banks (Cost.

Banking Review. Bank Business that stores money for individuals and businesses.

11/10/15 Topic: The Banking System EQ: How is money created through loans? Bellwork: Set up your Cornell notes, then answer the following question: What.

Avoiding Common Banking Fees

Choose Your Feud! Team 1: Rounds Won Team 2: Rounds Won Round 1

Choose Your Feud! Team 1: Rounds Won Team 2: Rounds Won Round 1

Choose Your Feud! Team 1: Rounds Won Team 2: Rounds Won Round 1

Presentation transcript:

Do Now 1)What is a checking account? 2) What is the difference between a checking account and a saving account?

Reminders News Article Analysis due FRIDAY!

9.3- Checking Accounts Banks offer two types of accounts: checking and savings. Checking accounts are for immediate expenses. The bank records deposits and withdrawals.

What are the benefits of checking accounts? Bank accounts keeps your money safe and make it easy to pay bills with checks or debit cards.

Opening an Account Shop around to find a bank that offers accounts that suit your needs. Ask questions about fees, interest rates, charges for printing checks, and restrictions. Minimum balance- find out if you need to maintain a minimum balance on the account to avoid fees Overdraft- most banks charge a high fee for withdrawing more money than is in your account.

Guided Practice How to write a check

Independent Practice 1) Read the information about check cashing services. 2) Answer the questions

Homework News Article Analysis due FRIDAY!

Exit Ticket 1) What is the major benefit of opening a checking account? 2) What is one negative aspect to using check cashing stores?