1. Checking Accounts CheckCheck A written order to pay a stated amount to a person or business Checking accountChecking account  Also known as “demand deposit”  Safe place to keep money ►The FDIC insures accounts for up to $250,000 per depositor per bank  Provides easy access to the money

2. Opening an Account 1.Provide personal information and identification 2.Complete a signature card 3.Deposit money Some banks charge monthly fees or a fee for each check written

3. Keeping a Checkbook Register Checks and a checkbook register are received when you open an account A checkbook register  Tracks transactions  Provides record of payments  Shows how much money is in the account

4. Sample Checkbook Register

5. Sample Checkbook Register Debit Card Sized

6. Writing Checks Use ink to write the data on checks  The current date  The name of the payee  The amount in numbers and words  Your signature  A note on the Memo line If you make a mistake  Write VOID on the check and in the register  Begin a new check

7. Sample Check

8. Using Debit and ATM Cards Debit card  Cash withdrawals at an ATM  Used to make purchases  Electronic ATM card  Cash withdrawals or deposits at an ATM

9. Making Deposits Endorse checks to be deposited

10. Making Deposits Complete a deposit slip, including  Current date  Amount of cash (bills and coins)  Check numbers and amounts  Total amount of cash and checks  Cash amount received, if any, and your signature  Net deposit amount Record the deposit in the check register

11. Completing a Deposit Slip