1. Banking
What is a bank?
Banks are financial institutions that accept deposits from customers and lend money. These entities are for profit.
What is a commercial bank?
Commercial banks offer a full range of financial services such as deposits, transferring funds, lending money, storing valuables (in safe deposit boxes), providing financial advice and investment services, and managing trusts.
What is a credit union?
A not-for-profit financial institution formed by people who have like occupations or live in the same community.

3. Checking Account What are the advantages to having a checking account?
Convenience, safety, proof of payment and record of finances.
In Opening a Checking Account, you must be approved by the bank. You need to fill out a signature card so that the bank has a copy of your signature on file and helps aid in the protection of fraud.

4. Checking Account cont.
Deposits are putting money into your checking account at a bank.
You can put your deposit in the bank using a deposit slip