© South-Western Educational Publishing Chapter 9 Checking Accounts and Other Banking Services  Checking Accounts  Other Banking Services and Fees.

Slides:

Advertisements

Similar presentations

CHAPTER 25 Checking Accounts. CHAPTER 25 Checking Accounts.

Advertisements

Chapter 9 Review. Parts of a Check 7 89 Date line Payee Numeric amount Written amount Memo Signature Check # Bank routing and account #’s.

Personal Finance.  Four common Financial Institutions  Commercial banks  Savings and loan associations (S&Ls)  Credit Unions  Brokerage Firms.

Checking Accounts & Banking Services

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

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

$$$$$$$ Know your Money! Financial Institutions and Services.

Checking Accounts and Banking Services

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Banks and Other Financial Institutions Financial Services.

© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 17 SLIDE Banks and Other Financial Institutions 17-2.

Check It Out 1. 2 Introductions Instructor and student introductions Module overview.

© 2010 South-Western, Cengage Learning Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services 9.1Checking Accounts 9.2Banking.

Banking and Financial Services

Checking Accounts and Other Banking Services

DO NOW **What does it mean to have a “checking account?” Do you…

Money on demand! The Checking Account

Checking Accounts 101 How much do you know about the most common form of bank account?

© South-Western Educational Publishing Chapter 9 Checking Accounts and Other Banking Services  Checking Accounts  Other Banking Services and Fees.

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

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

© South-Western Educational Publishing Chapter 9 Checking Accounts and Other Banking Services  Checking Accounts  Other Banking Services and Fees.

Checking Accounts and Other Bank Services. Purpose of a Checking Account It allows the depositor to pay a stated amount (Check) to a person or business.

Check It Out 1. 2 Purpose Check It Out will teach you how to use a checking account responsibly.

FINANCE Chapter 9 Checking Accounts and Other Banking Services.

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

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

Chapter 9 Checking Accounts and Other Banking Services

Checking Accounts. What is a Checking Account? 1.A checking account is a sum of money that you deposit in a bank or other financial institution, to hold.

BANKING SERVICES. Types of Financial Institutions Commercial Banks Savings and Loan Associations Credit Unions Brokerage Firms.

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 Chapter 29.

Checking Accounts and Other Banking Services

Checks, Deposits, Registers, and Reconciliations.

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 do you write a check? Mr. SmithDate ____________ Any street Any City, State Amount____________ Amount____________ Pay to the order of ____________________________________.

Introduction to Business © Thomson South-Western ChapterChapter Banking and Financial Services Banks and Other Financial Institutions Financial.

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.

Chapter 5 The Banking System. Slide 2 What Is the Purpose of a Checking Account? 5-1 Checking Accounts A checking account is a demand deposit account.

Checking Accounts Banking Services and Fees CHECKING ACCOUNTS AND BANKING SERVICES.

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!

Chapter 10 Banking.

Chapter 9 CHECKING ACCOUNTS. Financial institutions (like banks and credit unions) offer a number of services. Can you name a service?

Chapter 9 Checking Accounts.

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

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.

Chapter 9 – Checking Accounts & Banking. Checking Account Check: written order to a bank to pay a specific amount to a person/business (payee) Canceled.

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

© 2003 SOUTH-WESTERN PUBLISHINGCHAPTER 23Slide 1 CHAPTER 23 BANKING AND CREDIT 23.1Financial Institutions 23.2Checking Accounts 23.3Credit and Its Use.

Check It Out 1. 2 Introductions Instructor and student introductions Module overview.

Checking Accounts and Other Banking Services Understanding and Managing.

Cash controls and banking activities

$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.

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

Checking Accounts and Banking Services

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

Chapter 9 Checking Accounts and Other Banking Services.

Section 3: Banking Services

Checking Account and Banking Services. Objectives Understand the purpose, uses, and advantages of a personal checking account. Understand the purpose,

Prepared by Johnny Howard © 2015 South-Western, a part of Cengage Learning.

Prepared by Johnny Howard © 2015 South-Western, a part of Cengage Learning.

Chapter 5 The Banking System. Choosing a Bank Research local bank websites. Select a bank with the most ATMs in your proximity. Look for banks that can.

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

Lesson 9.1 unit 4 Checking accounts and other banking services

Chapter 10 Consumer Education.

Banking Lesson 4.3.

BUSINESS HIGH SCHOOL-ACCOUNTING I

using banking services

Chapter 9: Checking Accounts and Other Banking Services

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

using banking services

Presentation transcript:

© 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  Describe the purpose of a checking account.  Discuss how to prepare banking forms.  Be able to distinguish between different types of checking accounts.

© South-Western Educational Publishing Checking Account  Check  Demand deposit  Canceled check  Overdraft  Floating a check

© South-Western Educational Publishing Opening a Checking Account  Signature authorization form  Initial deposit

© 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

© 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  Blank endorsement  Special endorsement  Restrictive endorsement

© South-Western Educational Publishing Types of Checking Accounts  Joint accounts  Special accounts  Standard accounts  Interest-bearing accounts  Share accounts

GOALS © South-Western Educational Publishing Lesson 9.2 Other Banking Services and Fees  Describe various banking services.  Identify services for which banks commonly charge fees.

© South-Western Educational Publishing Other Banking Services  Guaranteed- payment checks  Money orders  Debit cards  Bank credit cards  Automated teller machines  Online banking  Telephone banking  Stop payment orders  Safe deposit boxes  Loans and trusts  Financial services

© South-Western Educational Publishing Bank Fees Examples of bank fees  Loan fee  Trustee fee  Check cashing fee for non-customers  Per-check fee  Maintenance fee  Check printing fee  ATM transaction fee