1. Using a checking account
Checking account - An account at a bank against which checks can be drawn by the account depositor.
Check – a written order to a bank to pay a stated amount to the person or business named on the face of the check.
Debit Card – used to withdraw or deduct money from your checking account

2. Using a checking account
What is needed to open a checking account:
$50 to $100 minimum
Provide personal information
Name
Address
Phone number
Social security number
Account holder to sign a signature card
Official signature to compare to the signature written on checks.

3. Using a checking account
The six parts of writing a check

4. Using a checking account
Write check out to:
ABC corporation,
today’s date,
$4, for new carpeting

5. Using a checking Account
Deposit – money added to a checking account.
Direct deposit – your paycheck directly deposited in your checking account.
Deposit slip - A form the bank provides to use when making a deposit.
ATM to deposit checks/cash
Take photo of check (back/front) with smart phone and “deposit” directly to account

6. Using a checking account
Endorsing a check
Cashing a check
Sign the back/write your account number on the back
Do this while at the bank, otherwise, anyone can take this check and cash it.
Depositing a check
On the back of check sign it/write your account number/write for deposit only
Or you may take a picture of the front and back of your check and “deposit” it electronically.
Fill out a deposit slip.

7. Using a Checking account
Sample deposit slip

8. Using a checking account
Deposit the following:
Check #3 $450.00
Check #5 $380.00
Check #6 $450.00
Less Cash: $400

9. Using a checking account
Checkbook register – a tool used to track checking account transactions
Overdraft fee – fee paid by the person writing the check and person cashing the check due to insufficient funds in the checking account.

10. Using a checking account
Enter the following in check bookregister
-Balance $500
-direct deposit (salary check) $1000
-debit card used at Shoprite $200
-deposit birthday gift check from aunt Ann $200
-check #3 – American Express - $500
-check #4 – First time Driving School $250

11. 600.00 # #
$1,600.00
12345

12.
Orange & Rockland ,450.00
Cablevision ,23000
Direct deposit ,230.00
Verizon ,130.00
Visa ,630.00
Debit shoprite ,530.00
Debit Exxon ,450.00

13. Using a checking account
Read and takes notes on
When making a mistake on a check pg. 153
Types of check endorsements pg. 154
Third party checks – pg 155
Reconciling a bank statement pg. 156
Other fees and interest earnings pg. 159

14. Your balance is $500
On April 15 you direct deposited $1000
On April 16 you wrote a check #621 for $350 for Shoprite
On April 17 you used your debit card at Starbucks for $35
On April 17 you wrote check #622 to Lord and Taylor for $150
On April 17th you wrote check #623 to PSE&G for $200
On April 17th you wrote check #624 to Cablevision $230
On April 17th you went to the ATM and withdrew $100
On April 18th you used your debit card at Morano’s for $100
On April 18th you deposited three checks
Check # $350
Check # $450
Check #310 - $350
You requested $300 cash back