1. Financial Institution Services

2. Take Charge of Your Life – and Your Money The best way to take charge of your money is to have a plan for it. Do you have a relationship with your financial institution? Utilize resources, like your financial institution, to help you understand the options you have for your money.

3. Services That Matter Life Style In-person or ATM deposits & withdrawals Online or mobile capability Convenient hours Convenient location Number of branch locations Other services (overdraft, automatic savings programs, alerts/reminders, etc.) Fees and User Requirements Eligibility to join Minimum opening deposit Required monthly balance Overdraft fees ATM fees Penalties & withdrawal limitations Monthly maintenance fee Interest rates

4. Get Into The Savings Habit Learning to save money requires discipline. Can you distinguish between your wants and needs to achieve your financial goal? You can start teaching yourself NOW to save money, even in small increments. Compound interest is your friend!

5. Find the Best Deal for Your Checking Account Paper checks Debit card Register to track credits & debits Monthly Statement Beware of NSFs Overdraft protection available

6. Checking Accounts Benefits –Convenience –Safety –Budgeting Tool to Track Spending –Proof of Payment

7. Debit/Check Cards Deducts the total purchase instantly from your checking account Personal Identification Number (PIN) –Each card is assigned a unique PIN –Always keep it a secret

8. Debit/Check Cards Ways to swipe –Credit: Sign the receipt –Debit: Key in PIN and get cash back

9. Checks Pieces of paper that show the amount of money to be paid to a designated company/person.

10. Checks

11. Reading A Check 12/11/2014 125.69 Tammy Teller Twenty-five dollars and 69/100------ C. U. Member Babysitter

12. Reading A Check 12/15/2014 C. U. Member CASH 1,000.00 Money for Savings One thousand dollars and 00/100--

13. Check Writing Activity You are invited to attend a birthday gathering. You went to Target December 10 th for a gift and spent $35.23. Using the check copy you have been given, write a check (use 1001 as the check number).

14. Answer: Your Check 12/10/14 Your signature Thirty-five dollars and 23/100-------- 35.23 TARGET Birthday Gift

15. Check Writing Activity You decide to buy some new Blu-Ray DVDs. You visit Best Buy December 11 th to purchase them and spent $65.58. Using the checkbook you have been given, write a check (use 1002 as the check number).

16. Answer: Your Check 12/11/14 Your signature Sixty-five dollars and 58/100-- 65.58 BEST BUY DVDs

17. Balancing Your Account Helps you keep track of all transactions on your account Each time you make a deposit or purchase, keep your receipt and record it in your register Ways to balance –Computer Programs –Check Register

18. Balancing ADD deposits made to your account. SUBTRACT purchases, withdrawals, or fees from your account. Let’s look at an example!

19. Balancing Activity You open a checking account December 3 rd with $150.00 which is your beginning balance. When you write it in your register, it should look something like this... NumberDateDescription of Transaction Payment/Debit (-) √T√T Fee (IF ANY) (-) Deposit/Credit (+) Balance $ 12/03/14New Account 1500015000

20. Balancing Activity You decide to withdraw $20.00 from the ATM on December 4 th The new balance would be $130.00. Your register would look something like this! Notice you SUBTRACT the ATM withdrawal. NumberDateDescription of Transaction Payment/Debit (-) √T√T Fee (IF ANY) (-) Deposit/Credit (+) Balance $ 12/03/14New Account 1500015000 12/04/14ATM 2000 13000

21. Balancing Activity Remember the check you wrote to Target? If not, here is a reminder... 12/10/14 Your signature Thirty-five dollars and 23/100----------------------- 35.23 TARGET Birthday Gift Record this check in your register!

22. Answer: Your Register NumberDate Description of Transaction Payment/Debit (-) √ T√ T Fee (IF ANY) (-) Deposit/Credit (+) Balance $ 12/03/14New Account 1500015000 12/04/14ATM 2000 13000 1001 12/10/14Target (Gift) 3523 9477

23. Balancing Activity Remember the check you wrote to Best Buy? Record that check in your register.

24. Answer: Your Register NumberDate Description of Transaction Payment/Debit (-) √T√T Fee (IF ANY) (-) Deposit/Credit (+) Balance $ 12/03/14New Account 1500015000 12/04/14ATM 2000 13000 100112/10/14Target 3523 9477 100212/11/14Best Buy 6558 2919

25. Non-Sufficient Funds Fee Charge applied when you do not have enough money in your checking account to cover the transaction. The fee amount can vary from financial institution. SECU charges $12 for an NSF whereas most financial institutions charge as much as $25 or more.

26. NumberDateDescription of Transaction Payment/Debit (-) √ T√ T Fee (IF ANY) (-) Deposit/Credit (+) Balance $ 12/03/14New Account 1500015000 12/04/14ATM 2000 13000 100112/10/14Target 3523 9477 100212/11/14Best Buy 6558 2919 12/11/14Target (shirt) 4000-$1081 12/11/14NSF Fee 2500-$3581 12/11/14Target Fee 4000-$7581

27. The Checking Account Game!

28. TRUE OR FALSE! Checking Accounts have many benefits including convenience and proof of payment.

29. TRUE OR FALSE! A debit card can be swiped as a debit only!

30. TRUE OR FALSE! You don’t have to have money in your checking account to use a debit card.

31. Questions!!! Name 2 parts of a check.

32. Questions!!! Why should you balance your account?

33. Questions!!! What does PIN stand for?

34. BONUS! How much is the check worth & why? 11/21/2014 1500.00 WALMART C. U. Member One hundred fifty thousand dollars and 00/100 ------- New HDTV

35. Questions?