1. Opening and Using a Bank Account December 16 th, 2008

2. Opening an Account  Need…  Minimum cash deposit  2 pcs of ID (At least 1 photo ID)  Need to have signature on them  Ex: liscense, birth cert., passport, student ID  Can be in own name or a joint account with someone else.  Joint accounts may require the signature of 1 or both account holders.

3. Signature Card  Any cheques signed will be checked against the signature card before they are cashed.  Make sure your signature card is up to date to make sure your cheques are cashed.

4. Account Passbooks  Keep a record of your recent transactions so that you can see where you money has gone, if there are any fraudulent transactions, or see how your money is growing (interest)

5. Making a Deposit  Deposit slip needs…  Date  Account number  Name of the account holder  Amount of cash  Amount of cheques  Total deposit amount  Signature (if keeping some of the money, i.e. cashing a cheque)  Total deposit minus any money kept  Initials

6. Making a Withdrawal  Withdrawal slip needs…  Date  Amount of withdrawal (in numbers)  Amount of withdrawal (in words) (cents as fraction of 100)  Account number  Signature of withdrawer

7. Practice  Make a deposit of $78 to account # 123456  Withdraw $20 from account # 876554