Warm up Exercise The Perfect Check Today’s Date Tony’s Exxon for car repairs 1,432.90 dollars Who cares if you write out a check perfectly, no errors,

Slides:



Advertisements
Similar presentations
CHAPTER 25 Checking Accounts. CHAPTER 25 Checking Accounts.
Advertisements

Unit 2 Banking Procedures
Checking Maintaining a checking account is a necessary skill to master before living independently.
Personal Finance.  Four common Financial Institutions  Commercial banks  Savings and loan associations (S&Ls)  Credit Unions  Brokerage Firms.
Checking Accounts & Banking Services
© Thomson/South-WesternSlideCHAPTER 231 BANKING AND CREDIT 23.1Financial Institutions 23.2Checking Accounts 23.3Credit and Its Use Chapter 23.
Teens 2 lesson six using banking services presentation slides 04/09.
Checking Accounts and Other Banking Services
(Usually have to be 18 years old to open & get ATM or debit card)
Check It Out 1. 2 Purpose Check It Out will teach you how to use a checking account responsibly.
Chapter 5 The Banking System
Common payment services What are the common payment services provided by financial institutions? 1.
Chapter 3 Banking Services
Chapter 5 – The Banking System Lesson 5-1: Checking Accounts
Checking Accounts. What is a Checking Account? 1.A checking account is a sum of money that you deposit in a bank or other financial institution, to hold.
© Oklahoma State Department of Education. All rights reserved. 1 Tracking Your Money Standard 4. Managing a Bank Account.
1.7.2.G1 © Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Funded by a grant from Take.
BANKING SERVICES. Types of Financial Institutions Commercial Banks Savings and Loan Associations Credit Unions Brokerage Firms.
Read to Learn Discuss the different types of checking accounts and how they work. Discuss other services and offerings that banks provide checking account.
Checking Accounts and Other Banking Services
Checking Accounts Chapter 9. Basics Check: ▫Written order to bank to pay the amount stated to the person or business named on it. Demand deposit: ▫Money.
Cash Control Systems Checking accounts Pages Checking account– a bank account from which payments can be ordered by a depositor Endorsement–
Banking Chapter 7 Money Barter –Trade item for item –May not account for true value Currency –Paper money and coins used for financial transactions –Smaller.
Chapter 3, Section 3 ELECTRONIC BANKING.
LESSON 5-1 Checking Accounts
Chapter 10 Banking.
CHECKING TODAY. ADVANTAGES OF REGULAR CHECKING ACCOUNTS Safe means of transporting money Legal proof of payment Form or recordkeeping ADVANTAGES OF eCHECKING.
HOW TO FINANCE YOUR LIFE Financial Literacy. Savings Accounts Saving – The process of setting money aside for a future date instead of spending it today.
Checking Account Simulation Understanding Checking Accounts.
Chapter 9 Checking Accounts.
Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Checking Accounts 9.
Section 3.1 CHECKING ACCOUNTS. How do people gain access to money they keep in a bank?  How many of you have a savings account?  How many of you have.
CHAPTER 5 By: Ashley Kea. KEY POINTS  Depositing Cash  Blank Endorsement, Special Endorsement, and Restrictive Endorsement  Check Stub and Check 
Checking Accounts/Banking Services Checking Accounts Used for regular spending money and to pay bills Write checks or use debit card to spend from.
CHAPTERS 9 & 10 WHERE TO STASH YOUR CASH. LEARNING TARGETS Students can… Explain how banks make a profit Identify types of checking accounts Fill out.
Checking Account. Key Terms Check Online and smartphone banking Deposit/credit Automated Teller Machines (ATMs) Debit Overdrawn Balance/reconcile Overdraft.
© 2003 SOUTH-WESTERN PUBLISHINGCHAPTER 23Slide 1 CHAPTER 23 BANKING AND CREDIT 23.1Financial Institutions 23.2Checking Accounts 23.3Credit and Its Use.
Check It Out 1. 2 Introductions Instructor and student introductions Module overview.
GOALS BUSINESS MATH© Thomson/South-WesternLesson 3.2Slide 1 3.2Electronic Banking Record electronic banking transactions Find account balance when banking.
Checking Accounts and Other Banking Services Understanding and Managing.
The Language of Banking Chapter 1 Unit 2. The Language of Banking This unit will be covering the most common banking terms and their definitions. The.
Financial Algebra © 2011 Cengage Learning. All Rights Reserved. Slide CHECKING ACCOUNTS Understand how checking accounts work. Complete a check register.
Checking and Banking
Budget: a plan for managing income and expenses Expenses: Money that is required to be paid once a month Fixed Expenses: expenses which usually do not.
More bankingChecks, etc. Check types ServicesMisc. Banking Banking Services Game.
Checking account – An account held at a bank, credit union, or other financial institution in which account owners deposit funds. Account owners have the.
Checking account - an account held at a bank, credit union or other financial institution in which account owners deposit funds. Account owners have the.
4.1 D EPOSITS Deposit: The amount of money that you put into a bank account. Complete a deposit slip. What is the purpose of a deposit slip? ATM (Automatic.
Chapter 9 Checking Accounts and Other Banking Services.
Section 3: Banking Services
Do Now Why do people have checking accounts?. Unit 4: Lesson 13: Checking Accounts Day 1 Objective: identify vocabulary terms related to checking accounts.
BANKING/CHECKING ACCOUNTS. Banking/Checking Accounts How Banks Work Using a checking account Balancing your checking account Electronic banking Other.
Chapter 4 Banking McGraw-Hill/Irwin Copyright © 2003 by The McGraw-Hill Companies, Inc. All rights reserved.
Using Bank Services Chapter 33. Checking Accounts A customer deposits money in an account and receives a book of checks. May deposit or withdraw money.
Banking Review. Bank Business that stores money for individuals and businesses.
Lesson 2: Introduction to Banking. Objectives: Identify types of accounts Evaluate banking transactions for accuracy and completeness Determine uses for.
Checking Accounts CheckCheck A written order to pay a stated amount to a person or business Checking accountChecking account  Also known as “demand deposit”
Personal Finance Checking Accounts Presented By Mrs. Bowden.
Consumer Education Chapter 7
Teens 2 lesson six using banking services presentation slides 04/09.
Mrs. Swope Family and Consumer Science
Two ways to protect cash:
Mrs. Swope Family and Consumer Science
Chapter 3 Banking Services
How to Do your Banking Chapter 5.
Banking: Managing your money
Unit 3-1 CHECKING ACCOUNTS
using banking services
Teens 2 lesson six using banking services presentation slides 04/09.
using banking services
Presentation transcript:

Warm up Exercise The Perfect Check Today’s Date Tony’s Exxon for car repairs 1, dollars Who cares if you write out a check perfectly, no errors, even if the bank will cash it…………

Chapter Four: Checking Accounts

Objective: Understand checking accounts responsibilities and privileges Calculate checking account balances Learn key definitions of terms associated with checking accounts Practice writing checks, recording debits and credits and balance a check register using a bank statement

Key Terms Check- written order specifying the amount of money to be paid and the name of the person or company who should receive the funds Deposit/Credit- money you put into your account Debit- withdrawal from you account Balance/reconcile- compare the amount of money in an account with the net debits and credits at that point in time for that account

Key Terms Statement balance- how much money you have in your checking account as of the statement date Debit card- a card that allows the user to withdraw money from a bank account to obtain cash or make a purchase PIN- Personal Identification Number, verifies your identity

Key Terms EFT – Electronic Funds Transfer, movement of money using computer systems, telephones or electronic terminals Online banking- allows account holders to access their account information, view transactions history and perform banking transactions via the internet Overdrawn- having a negative balance in an account

Key Terms Overdraft penalty- a fee to cover the cost of processing your bad check Overdraft protection- arrangement with the bank to cover checks so they will not bounce Minimum account balance- amount of money you must keep in the account to avoid service charges, qualify for special service or earn interest on the account Interest bearing account- account that earns interest

Did you know? % of people who bank online in 2006 was: 43% or 63 million bank online Currently The number has doubled. Many still prefer to visit a bank for service and use the online system for routine transactions

Opening A checking Account What are the advantages of a checking account? Alternate ways of paying bills Signature Card– signature, ink, ownership of account, joint, individual, etc. Deposit Slip Currency versus Coin? Review pages 2 – 5 of practice set

Guided Activity Complete the worksheet entitled WRITING a check – Make out a check to Mr. Peaco for $50.00 – Today’s date, – Memo line: Nice Guy – Signature

Guided Activity Endorsements: – Blank – Restrictive – Endorsement in Full Complete bottom half of worksheet, check

Closure If I am depositing a paycheck for $ into my checking account, take me through the steps. Student responses

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com Inc. All rights reserved.