Check It Out

2 You Will Know  The benefits of using a credit union or bank vs. using a check cashing service  Types of fees  Types of checking accounts  How to open a checking account  How to write checks  How to use ATM and debit cards  How to keep records  How to reconcile an account

3 Benefits of Checking Accounts ConvenienceCost BudgetingSafety

4 Fee Schedule **Note: This is only a small section of a fee schedule.

5 Types of Checking Accounts at Credit Unions and Banks  Low-cost checking  ATM checking  Regular checking  Special Dividend or Interest checking

6 Check Register

7

8 Sample Check YOUR NAME YOUR ADDRESS YOUR PHONE NUMBER PAY TO THE ORDER OF Dollars FINANCIAL INSTITUTION Your City, State, Zip Code : : : Memo $ Date: _______

9 The Back of a Check INDORSE HERE DO NOT WRITE, STAMP OR SIGN BELOW THIS LINE RESERVED FOR FINANCIAL INSTITUTION USE *

10 Sample Checks YOUR NAME YOUR ADDRESS YOUR PHONE NUMBER PAY TO THE ORDER OF Dollars FINANCIAL INSTITUTION Your City, State, Zip Code : : : Memo $ Date: _______ YOUR NAME YOUR ADDRESS YOUR PHONE NUMBER PAY TO THE ORDER OF Dollars FINANCIAL INSTITUTION Your City, State, Zip Code : : : Memo $ Date: _______ 2/26 Coffee Mart Nineteen and 75/ Your signature coffee maker

11 ATM Automatic Teller Machine

12 Sample Deposit Slips Your Name Your Address Your Phone Number DEPOSIT TICKET DATE DEPOSITS MAY NOT BE AVAILABLE FOR IMMEDIATE WITHDRAWAL SIGN HERE IF CASH RECEIVED FROM DEPOSIT YOUR FINANCIAL INSTITUTION YOUR CITY, STATE Zip Code DO NOT USE FOR AUTOMATIC PAYMENT OR CHECK TRANSACTIONS : : : CURRENCY COIN CHECKSCHECKS OR TOTAL FROM REVERSE SUBTOTAL LESS CASH RECEIVED NET DEPOSIT Your Name Your Address Your Phone Number DEPOSIT TICKET DATE DEPOSITS MAY NOT BE AVAILABLE FOR IMMEDIATE WITHDRAWAL SIGN HERE IF CASH RECEIVED FORM DEPOSIT YOUR FINANCIAL INSTITUTION YOUR CITY, STATE Zip Code DO NOT USE FOR AUTOMATIC PAYMENT OR CHECK TRANSACTIONS : : : CURRENCY COIN CHECKSCHECKS OR TOTAL FROM REVERSE SUBTOTAL LESS CASH RECEIVED NET DEPOSIT 3/

13 Sample Deposit Slips Back of Deposit Slip ENTER TOTAL ON THE FRONT OF THIS TICKET Your Name Your Address Your Phone Number DEPOSIT TICKET DATE DEPOSITS MAY NOT BE AVAILABLE FOR IMMEDIATE WITHDRAWAL SIGN HERE IF CASH RECEIVED FROM DEPOSIT YOUR FINANCIAL INSTITUTION YOUR CITY, STATE Zip Code DO NOT USE FOR AUTOMATIC PAYMENT OR CHECK TRANSACTIONS : : : CURRENCY COIN CHECKSCHECKS OR TOTAL FROM REVERSE SUBTOTAL LESS CASH RECEIVED NET DEPOSIT 3/23 Your Signature

14 Checking Account Statement

15 Reconciling Your Account WITHDRAWALS OUTSTANDING - NOT CHARGED TO ACCOUNT Financial Institution balance shown on this statement $ Check NumberCheck Amount $ Total$ $ $ $ Balance$ * This balance should agree with balance in your check register. Total$ Subtract withdrawals outstanding Add deposits outstanding