1. © South-Western Educational Publishing Chapter 9 Checking Accounts and Other Banking Services  Checking Accounts  Other Banking Services and Fees

2. GOALS © South-Western Educational Publishing Lesson 9.1 Checking Accounts  Describe the purpose of a checking account.  Discuss how to prepare banking forms.  Be able to distinguish between different types of checking accounts.

3. © South-Western Educational Publishing Checking Account  Check  Demand deposit  Canceled check  Overdraft  Floating a check

4. © South-Western Educational Publishing Opening a Checking Account  Signature authorization form  Initial deposit

5. © South-Western Educational Publishing Parts of a Check 071000741 08 40 856 0581 581 ARDYS JOHNSON Phone: 555-0100 4250 West 18 th Avenue Chicago, IL 60601-2190 SKY CENTRAL BANK Chicago, Illinois PAY TO THE ORDER OF DOLLARS For Classroom Use Only MEMO DATE 2-74 710 $ July 1, 20-- Food Mart 36.12 Thirty-six and 12/100 groceries Ardys Johnson

6. © South-Western Educational Publishing Using Your Checking Account  Writing checks  Paying bills online  Making deposits  Using a checkbook register

7. © South-Western Educational Publishing Reconciling Your Checking Account 1.Write ending balance from bank statement. 2.Add credits or deposits not on statement. 3.Total lines 1 and 2. 4.Write total outstanding checks/debit transactions. 5.Subtract line 4 from line 3. (Should agree with checkbook balance) 1279.38 100.00 1379.38 139.90 1239.48

8. © South-Western Educational Publishing Endorsing Checks  Blank endorsement  Special endorsement  Restrictive endorsement

9. © South-Western Educational Publishing Types of Checking Accounts  Joint accounts  Special accounts  Standard accounts  Interest-bearing accounts  Share accounts

10. GOALS © South-Western Educational Publishing Lesson 9.2 Other Banking Services and Fees  Describe various banking services.  Identify services for which banks commonly charge fees.

11. © South-Western Educational Publishing Other Banking Services  Guaranteed- payment checks  Money orders  Debit cards  Bank credit cards  Automated teller machines  Online banking  Telephone banking  Stop payment orders  Safe deposit boxes  Loans and trusts  Financial services

12. © South-Western Educational Publishing Bank Fees Examples of bank fees  Loan fee  Trustee fee  Check cashing fee for non-customers  Per-check fee  Maintenance fee  Check printing fee  ATM transaction fee