Check Books

Writing Utensil Blue / black normal pen Safety pens Gel pens may not read Colors may not show up on digital scans Safety pens Ink is absorbed into the check and cannot be ‘washed’ off

Deposit Exercise 5-C, Page 62 1 Today’s date goes here 1 2 5 9 7 3 7 5 2 5 Print Your Name Here Print Your Address Here 3 5 3 4 Sign Your Name Here 4 7 5 5 3 3 3 3 3 3 3 4 2 5 3 4 Click the numbers 5-E-1

Complete Exercise Handout

Deposit Exercise 5-C, Page 62 3 1 4 7 6 Mrs. Catalano 5 1 2 1001 S. Barnes Rd Mason MI 4 1 4 7 9 2 5 6 3 1 3 4 3 8 9 7 9 5-E-3

Endorsing Checks Endorsement: Signing your approval for a check to be chased Blank: Sign your name Restrictive: Make sure deposited only in your account For Deposit Only, Sign Name, Account # Special: Give check to someone else Pay to the order of, Their name, Sign

Practice Handout with Endorsement and another Deposit

Check Practice

Check Details Click the numbers 1 2 3 4 5 6 7 8 9 10 11 Here is where you write the name of the party you are writing your check to (the payee). Be sure to write or print legibly! On the lower line, write out the amount like this. Make sure your personal information on the check is correct. Here is the number of this Check. Put your personal signature here. This is your Account Number. (Note that sometimes these two numbers are the reverse of what is shown here.) This is the Routing Number for your bank (used for electronic transfers of funds from your account to the payee’s account) This is just your check number again (see above right). Legibly print the amount of money this check is for. Place to add any information you want to related to this check. Enter the date you write each check. 5-F

Practice Writing a Check & Recording Handout Start with $416.68 1st Check # 234 For Shoes to Robinson’s Department Store, $47.93

Keep a Record Finish recording transactions Click Here 5-G 1 2 3 Last Balance 416.68 234 3/7 Robinson’s Department Shoes 47.93 -47.93 368.75 235 3/12 Acme Insurance – Auto 350 18.75 274.36 5-G

Does It Balance? Reconciling your checking account statements 1 of 2 Why reconciling is important Lets you check for mistakes and checks you wrote but did not enter. Gives you a chance to subtract other charges that the financial institution may have added. Lets you add any interest that your checking account may have earned. 5-H-1

Does It Balance? Reconciling your checking account statements 2 of 2 Why reconciling is important Not all the checks you have written will always be shown, because they may not have been cleared by your bank or credit union. Uncleared checks will show up on your next statement. 5-H-2

Exercise 5E: Does it Balance? Add interest and other deposits made but not yet entered in your checkbook balance sheet. Subtract any service charge or other deductions not previously entered in your checkbook balance sheet. Add deposits made but not shown on this statement. Subtract checks issued and withdrawals made but not shown on the statement. PRACTICE WITH HANDOUT 5-H-3

Debit Cards HOW TO USE A DEBIT CARD Swipe the debit card in the card reader, or give it to the clerk to swipe. Choose the “Debit” option. Enter your PIN number* Enter the amount of cash back, if desired. Money is taken directly out of your checking account, so enter the amount spent into your checking ledger. *About your PIN 5-J

About Your PIN PIN stands for Personal Identification Number. This number gives you access to your account, so it’s important to keep it secret. Memorize your PIN number. Do not write it down and keep it somewhere in your wallet (where someone could find and use it). 5-J-Extra

Using Debit Card as Credit Swipe the credit card in the card reader, or give it to the clerk to swipe. Choose the “Credit” option. Sign the receipt. Keep and save your copy of the receipt to record later in order to keep track of what you have spent. 5-K