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PREPARING CHECKS It’s NOT Monkey Business! Copyright © Texas Education Agency, 2012. All rights reserved.

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Presentation on theme: "PREPARING CHECKS It’s NOT Monkey Business! Copyright © Texas Education Agency, 2012. All rights reserved."— Presentation transcript:

1 PREPARING CHECKS It’s NOT Monkey Business! Copyright © Texas Education Agency, 2012. All rights reserved.

2 ELEVEN THIRTEEN FOURTEEN FIFTEEN SIXTEEN SEVENTEEN EIGHTEEN NINETEEN TWENTY THIRTY FORTY FIFTY SIXTY SEVENTY EIGHTY NINETY HUNDRED THOUSAND 2Copyright © Texas Education Agency, 2012. All rights reserved. Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked ™ as the property of the Texas Education Agency and may not be reproduced without the express written permission of the Texas Education Agency, except under the following conditions: 1)Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the Materials and Related Materials for the districts’ and schools’ educational use without obtaining permission from the Texas Education Agency; 2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual personal use only without obtaining written permission of the Texas Education Agency; 3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way; 4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable charge to cover only the cost of reproduction and distribution may be charged. Private entities or persons located in Texas that are not Texas public school districts or Texas charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas MUST obtain written approval from the Texas Education Agency and will be required to enter into a license agreement that may involve the payment of a licensing fee or a royalty fee.

3 MATERIALS NEEDED Signature Card Type of Account:  Checking  Savings Account Number ___________________ Ownership:  Individual  Joint-Husband and Wife  Joint-Other than Husband and Wife ___________________________________________________________________________ Name Address City, State, Zip Code DOB Home Phone Business Phone The undersigned agrees to the terms stated on the back of this form. Signature 3Copyright © Texas Education Agency, 2012. All rights reserved.

4 MATERIALS NEEDED Copies of checks Aver Key or overhead projector Typewriters 1st National Bank of Monkey Business 4000 Going Bananas Lane Monkey Island, FL 44444 Memo Zoo Island 2645 Happy Lane Zooland, TX 46570-2645 20 4 Copyright © Texas Education Agency, 2012. All rights reserved.

5 www.moneyinstructor.com http://www.finlitproject.com/bank.htm INTERNET RESOURCES 5Copyright © Texas Education Agency, 2012. All rights reserved.

6 ABA numbers – American Bankers Association code numbers printed on checks and deposit slips Check writing machine – a machine used in writing checks that imprints the amount in a distinct type and perforates the paper to insure against fraudulent alteration of the check Check – written orders to a bank to make payment against the depositor’s funds in that bank Payee – person to whom the check is written Drawer – Person who writes the check Void – The word you print across the check and check stub when you make an error Drawee – The party ordered to pay the amount on the check Legible – Clear and easy to read Issue – To send out BANKING VOCABULARY 6Copyright © Texas Education Agency, 2012. All rights reserved.

7 SPELLING ELEVEN THIRTEEN FOURTEEN FIFTEEN SIXTEEN SEVENTEEN EIGHTEEN NINETEEN TWENTY THIRTY FORTY FIFTY SIXTY SEVENTY EIGHTY NINETY HUNDRED THOUSAND 7Copyright © Texas Education Agency, 2012. All rights reserved.

8 SPELLING GAME Print each letter of the alphabet on a 8.5 x 11 sheet Give each student a letter –Some students may have 2 or more letters Call out a commonly misspelled number Students have to line up to spell the word correctly 8Copyright © Texas Education Agency, 2012. All rights reserved.

9 GUIDELINES FOR WRITING A CHECK Write clearly & neatly Use ink Sign consistently Write cursive Figures should be legible Don’t erase mistakes VOID the check 9Copyright © Texas Education Agency, 2012. All rights reserved.

10 PENMENSHIP IS IMPORTANT! Errors are caused by poorly written figures Make number plain as possible Separate the dollars and cents with a decimal point Write in designated areas 10Copyright © Texas Education Agency, 2012. All rights reserved.

11 TRANSACTIONS DATECHECK #PAYEEAMOUNTPURPOSE Jan. 3101City Electric Company35.24Electric bill Jan 8102Reader’s Service, Inc.$24.0012 month subscription to magazine Jan 9103Ticket Forum for Concert tickets$40.00Concert tickets Jan 15104Verizon Telephone Company$41.80Phone bill dated January 12 Jan 19105Hilltop Garage$120.24Service for car Jan 22106Lands End$33.93Clothing Jan 28107SF Insurance$314.12Semi-annual Car insurance Premium Jan 31108Colonial Apartments, Inc.$450.00Feb. rent 11Copyright © Texas Education Agency, 2012. All rights reserved.

12 Review Questions Why should you never leave any lines blank on a check that you write? Why should you always sign your checks in the same style of handwriting? Why should checks always be written in ink? Why should you write a new check instead of crossing out or correcting and error? 12Copyright © Texas Education Agency, 2012. All rights reserved.


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