Your Checking Account

Life Choices

_________

Brief Checking Account Facts

• _____ to manage your money

• Can write checks for the _____

• Safe to _____

• Can avoid carrying large amounts of _____

• Bank sends you a _____

• _____ of all expenses paid

Signature Card

• Must be filled out when _____ an account

• Must show _____

• Always _____ the same way you sign the Signature Card

• Avoid _____

• Always use _____

Making a Deposit

• Make sure you have _____ before writing a check

• Give deposit to _____, she will give you a _____

• Put deposit in _____

• _____ to the bank

• Your deposit may not be readily _____.

Deposit Ticket

• Routing number• Account number• Signature

Writing Checks

• Write _____ • Always use _____ • Sign your name _____ - - the same way you

signed the Signature Card• Use _____ when signing your name• Be sure _____ are legible• Do not use _____• If you make a mistake, write _____ across your

check and _____ for your records.

3 Endorsements

• A check must be _____ before it can be deposited or cashed.– _____ Endorsement– _____ Endorsement– Endorsement _____

• Blank Endorsement – use only if you are going to _____ at the bank. If lost, _____ the check.

• Restrictive Endorsement – use if you are planning _____ your deposit in the night deposit.

• Endorsement in Full – used to _____ to someone else. AKA _____ check.

Check Samples

Check Register

• _____ that you write so that you know how much money is left in your account

• Provides a _____ of all the items you have paid by check

• Contains: Date, _____, to whom the check was written, the _____ of the check and the _____

Check Register

The Bank Statement

• You will receive _____ from your bank• It lists the _____, the _____ and the _____ left

in your account, and any _____• Allows you to _____ to see if any errors have

been made• Because you may have written checks which the

_____, the bank balance shown on the statement _____ with your checkbook balance. Therefore, you must _____ the bank statement.

Debit Cards

• AKA _____ card or _____ card

• Looks similar to a _____ card

• Funds are directly removed from your _____, you do not get a _____

• Remember to _____ your purchases from your check register.

• Can be used _____

Debit Cards, continued…

• Advantages – easy _____, no need to _____, better than _____, can only spend _____

• Keeping your debit card safe:– Memorize your _____ number– _____ PIN number– _____ Debit Card Immediately– Keep all _____ and _____ monthly– Stand close to the ATM, so others _____ your PIN

Internet Banking

• You can access your _____ and manage your _____

• Internet bank web site is _____

• _____ are used when data is sent electronically

• Services include: _____ Payment, Electronic _____, and _____ Balance