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Do Now 1)What is a checking account? 2) What is the difference between a checking account and a saving account?

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Presentation on theme: "Do Now 1)What is a checking account? 2) What is the difference between a checking account and a saving account?"— Presentation transcript:

1 Do Now 1)What is a checking account? 2) What is the difference between a checking account and a saving account?

2 Reminders News Article Analysis due FRIDAY!

3 9.3- Checking Accounts Banks offer two types of accounts: checking and savings. Checking accounts are for immediate expenses. The bank records deposits and withdrawals.

4 What are the benefits of checking accounts? Bank accounts keeps your money safe and make it easy to pay bills with checks or debit cards.

5 Opening an Account Shop around to find a bank that offers accounts that suit your needs. Ask questions about fees, interest rates, charges for printing checks, and restrictions. Minimum balance- find out if you need to maintain a minimum balance on the account to avoid fees Overdraft- most banks charge a high fee for withdrawing more money than is in your account.

6 Guided Practice How to write a check

7 Independent Practice 1) Read the information about check cashing services. 2) Answer the questions

8 Homework News Article Analysis due FRIDAY!

9 Exit Ticket 1) What is the major benefit of opening a checking account? 2) What is one negative aspect to using check cashing stores?

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