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What is a checking account? An account that you open in order to save money. A deposit account that lets you write checks and pay bills or buy things. An account that allows you to check out library books. An account that earns interest.
Close, but not quite … A checking account is a good first step toward saving money, because it allows you to establish a relationship with a bank or credit union but financial institutions have other products to help you save money. Be sure to check out the 30 Second Training on Savings Accounts. Try again.
Are You Kidding? A library account lets you check out library books, a checking account has nothing to do with library books. Please try again.
Depending on the type of checking account you open at a bank or credit union, it could have the potential to earn interest. For this question, however, there is a better answer. Try again! Maybe…
CORRECT!!! A checking account is where you deposit money. It allows you to keep your money in a bank or credit union to write checks (or use a Debit card) when you need to pay for something or get cash. Checks are written orders to tell your bank to pay money to someone else. The bank or credit union sends you a monthly statement with a record of all of your transactions including both the deposits made to your account along with the checks and debit card transactions. To learn more about checking accounts, visit Money Smart’s Bank On It Module at: http://18.104.22.168/wwMS/english/main.htmhttp://22.214.171.124/wwMS/english/main.htm 30-Second DPN Trainings are a National Disability Program Navigator collaborative effort