1. How to Write Checks and Balance Accounts

2. Checking Account An account at a bank against which checks can be drawn by the account depositor Check – A document that orders a bank to pay a specific amount of money from a person’s account to the person in whose name the check has been issued – Checks have been dated since the ancient Romans used it in the 1 st Century BC

3. Checks Checks include:

5. Debit Cards a plastic payment card that provides cardholders electronic access to their bank account(s) at a financial institution. Debit Cards are slowly replacing checks. You can pay multiple things using your debit card. – Online Payments – Online Purchases – Allows us to get cash easier – Telephone Transactions

6. Front 1.Bank Logo 2.EMV Chip 3.Hologram (Optional) 4.Card # (16 digits-some 15) 5.Card Brand logo 6.Expiration Date 7.Cardholders Name Back 1.Magnetic Stripe 2.Signature 3.Card Security Code

7. Balancing Your Account Balancing your account assumes you have been keeping your own record of bank transactions and that you will now reconcile your records with the bank records From your bank statement Compare Transactions (Receipts) From your check register or records

9. Terms/Acronyms Check #-The primary identifier for ownership of an account EFT- Electronic Funds Transfer (Transfers without having to use currency, made through computer systems) AP- Automatic Payment ATM- Automated Teller Machine SC- Service Charge RD- Remote Deposit (Deposits made on-site) AD- Automatic Deposit