1. Banking
Lesson 4.3

2. Bank Statements
4.3a

3. A bank statement comes from the bank every month and lists all checks and transactions that have been cleared through the bank.
Sometimes the bank will add a service charge on the statements this is a fee for the services the bank provides.

4. = + - - + Checking the bank statement… Present Balance Previous
Service
Charge +
Deposits
Withdraws
Interest

5. Your bank statement shows a previous balance of $687. 75
Your bank statement shows a previous balance of $ You make deposits of $345.32, $124.00, and $ You wrote two checks worth $ and $ The service charge was $5.00 and your account earned $0.45 in interest. Find your present balance.

6. Your bank statement shows a previous balance of $510. 25
Your bank statement shows a previous balance of $ You make deposits of $28.50, $130.00, and $ You wrote two checks worth $56.35 and $ The service charge was $2.50 and your account earned $0.55 in interest. Find your present balance.

7. Reconciling the Bank Statement

8. To reconcile your bank statement, is to make sure it agrees with your check register.

9. = - + Reconciling the bank statement… Adjusted Balance Statement
Outstanding Checks/ Payments/debts +
Outstanding
Deposits

10. Your statement balance is $807. 75
Your statement balance is $ You have an outstanding check of $ and outstanding debit of $ that have not been cleared through the bank yet. Your last paycheck $ hasn’t cleared yet either. Find your adjusted balance.

11. Online Banking
4.3c

12. Online banking or internet banking makes it possible to make payments and transfers on the internet without going to the bank.

13. Online banking allows for…
1) Transfer of funds from different accounts
2) Make loan payments
3) Pay bills online
4) Quick information on accounts

14. Jake uses online banking
Jake uses online banking. He pays the basic charge, 7 bills, plus he requests a printed statement. He also has ATM transactions, including 1 out-of-network, and a cash advance of $ What are his total fees for the month?

15. Service: Basic charge, 8 bills paid, lost card replacement.
ATM: 2 National, 2 out-of-network

16. Service: Basic charge, 6 bills paid, 1 overdraft
ATM: 3 Regional, $ advance

17. Lesson4.3: Banking
Summarize your notes
Homework
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