Checking Accounts and Banking Services

Dec 14, 2023

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This lesson explores the purpose of a checking account and provides an overview of banking procedures and services related to maintaining and reconciling checking and savings accounts. Students will gain a comprehensive understanding of how to successfully manage their finances.

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reconciling

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Checking Accounts and Banking Services

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Checking Accounts and Banking Services

9. Checking Accounts and Banking Services. 9.1 Checking Accounts 9.2 Banking Services and Fees. Standard 2.0 Evaluate practices for successful money management. 2.4 Understand banking procedures and services. a. Checking and savings accounts (maintaining and reconciling).

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PERSONAL Finance/Banking CREDIT , BUDGET, AND CHECKING ACCOUNTS

PERSONAL Finance/Banking CREDIT , BUDGET, AND CHECKING ACCOUNTS. Chapters 25, 26, 28, 29. What is Credit? Chapter 25. Credit - an agreement to get money, goods, or services now in exchange for a promise to pay later .

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Unit Title: Banking Lesson Title: Checking Accounts & Banking Services

Unit Title: Banking Lesson Title: Checking Accounts & Banking Services. MHS Personal Finance Desiree Sartin. Activities. Read chapter 9 in the Managing Your Personal Finances Textbook; Read the Summary on page 223

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Checking Accounts. Once you have started earning money, you have to figure out the best way to spend it. Meaning HOW you are going to spend it- how you are going to pay bills and make purchases. You have options when it comes to financial services 1. Different types of accounts

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Checking Accounts. Chapter 5. Bell Work:. Add. 82.22 + 51.27 82.637 + 92.727 Change the percents to decimals. 3. 37.5% 4. 9%. 5.1 Deposits. Opening a Savings Account:

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Checking Accounts. Section 3.1. Key Terms. Check Deposit Withdrawal Interest ATM Transaction Fee. Types of Checking Accounts. Basic Checking Account Most widely used. Do not pay interest. Limited number of checks per month. Interest-bearing Checking Account

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Checking Accounts & Banking Services

Checking Accounts & Banking Services . Lesson 1 . Bell Ringer . Use your book and a partner to discuss the importance of having a checking account, make a list of the importance as well as the times that you have used a checking account or a check. . Purpose of a Checking Account .

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Checking Accounts. Section 3.1. Checking Accounts. What is the difference between a checking account and a savings account? Checking account Little to no interest earned on money No limit to the number of transactions Savings Account Earn interest (or more interest)

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Checking Accounts and Banking Services

9. Checking Accounts and Banking Services. 9.1 Checking Accounts 9.2 Banking Services and Fees. Lesson 9.1 Checking Accounts. GOALS Describe the purpose of a checking account and the forms associated with it. Explain how to use a checking account. Discuss the types of checking accounts.

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CHECKING ACCOUNTS. Parts of a Check. PARTS OF A CHECK. $A Date $B Check Number $C Signature of Drawer $D Magnetic Ink Characters—Check Number $E Magnetic Ink Characters—Person’s Account Number $F Magnetic Ink Characters—Routing Number. $G Amount of Check in Figures $H Payee

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Checking Accounts. Chapter 9. Possible Activities. Checkbook Simulation Balance Checkbook (file ) Online Check Writing Online Deposit Slips Use the information on page 208 (Solve Problems and Explore Issues) Go to bank website. #7 on p.207 Checkbook Unit (if need more practice).

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Checking Accounts. Basic Banking Information. Banks vs. Credit Unions Both offer basic banking services Checking and saving accounts, loans, etc. Credit cards, mortgages, foreign currencies, etc. Banks

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Checking accounts. Checks are:. the most common kind of negotiable instrument in use a safe way to send funds through the mail convenient receipts for the people who write them . Opening a checking account. To open a checking account, you deposit money in a bank sign a signature card

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Chapter 9 – Checking Accounts & Banking. Checking Account. Check: written order to a bank to pay a specific amount to a person/business (payee). Canceled check: a check that has a bank’s stamp on it, showing it has cleared the bank.

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Checking Accounts. What Kind of Spender are You?. Take the Spending Challenge!. U.S. Mint Video. Federal Reserve Cont. The Federal Reserve Created 1913. Goal: Economic stability Monetary Policy Influences growth of money/credit Bank for banks Payroll, large payments, provide cash

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BANKING/CHECKING ACCOUNTS. Banking/Checking Accounts. How Banks Work Using a checking account Balancing your checking account Electronic banking Other banking services. How Banks Works. Business to earn a profit Provide security Purchasing power Banks are regulated. Banks.

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Chapter 9 Checking Accounts and Other Banking Services

Chapter 9 Checking Accounts and Other Banking Services. Checking Accounts Other Banking Services and Fees. Lesson 9.1 Checking Accounts. Describe the purpose of a checking account.

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Checking Accounts and Banking Services

9. Checking Accounts and Banking Services. 9.1 Checking Accounts. Checking Account Basics. A checking account allows you to write checks to make payments. A check is a written order to a bank to pay the amount stated to the person or business named on it. (continued).

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BANKING and CHECKING

BANKING and CHECKING. Chapter 7. Why Do We Have Banks?. Banks. Banks are a private business How do banks earn their money? Interest Rates Service Fees Example: Deposit $100 * .04% int. = $104 Borrow $100 * .06% int. = $106 Bank Income = $2. Banks. Provide security

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Checking Accounts Savings Accounts and Banking Services

9 &10. Checking Accounts Savings Accounts and Banking Services. 9.1 Checking Accounts 9.2 Banking Services and Fees 10.1 Growing Money: Why, Where, and How 10.2 Savings Options, Features, and Plans. Checking Account Basics. Checks follow a process through the banking system.

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Checking Accounts. Writing Checks Finance Cluster. Good Reasons to Have a Checking Account. Cash can be stolen If you lose a check, the bank can stop it from being cashed. You won’t have to carry a large amount of cash with you. It is easier and quicker to pay the bills.

207 views • 18 slides

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Checking Accounts and Banking Services

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