Check It Out

1. Check It Out

2. You Will Know • The benefits of using a credit union or bank vs. using a check cashing service • Types of fees • Types of checking accounts • How to open a checking account • How to write checks • How to use ATM and debit cards • How to keep records • How to reconcile an account

3. Convenience Cost Benefits of Checking Accounts Budgeting Safety Benefits of Checking Accounts

4. Fee Schedule **Note: This is only a small section of a fee schedule.

5. Types of Checking Accounts at Credit Unions and Banks • Low-cost checking • ATM checking • Regular checking • Special Dividend or Interest checking

6. 1 2 3 4 5 6 7 Check Register

7. Check Register

8. YOUR NAME YOUR ADDRESS YOUR PHONE NUMBER 105 00-6879 770 _______ Date: PAY TO THE ORDER OF $ Dollars FINANCIAL INSTITUTION Your City, State, Zip Code Memo :00000000 : 0000 0000 0 000 0 0.: Sample Check 2 1 3 7 8 9 4 5 6 11 10

9. The Back of a Check INDORSE HERE DO NOT WRITE, STAMP OR SIGN BELOW THIS LINE RESERVED FOR FINANCIAL INSTITUTION USE *

10. YOUR NAME YOUR ADDRESS YOUR PHONE NUMBER YOUR NAME YOUR ADDRESS YOUR PHONE NUMBER 105 00-6879 770 105 00-6879 770 _______ _______ Date: Date: PAY TO THE ORDER OF PAY TO THE ORDER OF $ $ Dollars Dollars FINANCIAL INSTITUTION Your City, State, Zip Code FINANCIAL INSTITUTION Your City, State, Zip Code Memo Memo :00000000 : 0000 0000 0 000 0 0.: :00000000 : 0000 0000 0 000 0 0.: Sample Checks 2/26 Coffee Mart 19.75 Nineteen and 75/100 Your signature coffee maker

11. ATM Automatic Teller Machine 3 2 1 4

12. Your Name Your Address Your Phone Number CURRENCY 30 COIN DATE CHECKS DEPOSITS MAY NOT BE AVAILABLE FOR IMMEDIATE WITHDRAWAL OR TOTAL FROM REVERSE DEPOSIT TICKET SIGN HERE IF CASH RECEIVED FROM DEPOSIT SUBTOTAL YOUR FINANCIAL INSTITUTION YOUR CITY, STATE Zip Code LESS CASH RECEIVED DO NOT USE FOR AUTOMATIC PAYMENT OR CHECK TRANSACTIONS NET DEPOSIT :00000000 : 00000 00000.: Your Name Your Address Your Phone Number CURRENCY COIN DATE DEPOSIT TICKET CHECKS DEPOSITS MAY NOT BE AVAILABLE FOR IMMEDIATE WITHDRAWAL OR TOTAL FROM REVERSE SIGN HERE IF CASH RECEIVED FORM DEPOSIT SUBTOTAL YOUR FINANCIAL INSTITUTION YOUR CITY, STATE Zip Code LESS CASH RECEIVED DO NOT USE FOR AUTOMATIC PAYMENT OR CHECK TRANSACTIONS NET DEPOSIT :00000000 : 00000 00000.: Sample Deposit Slips 0 0 3/22 30 0 0

13. Your Name Your Address Your Phone Number CURRENCY COIN DATE CHECKS DEPOSITS MAY NOT BE AVAILABLE FOR IMMEDIATE WITHDRAWAL OR TOTAL FROM REVERSE DEPOSIT TICKET SIGN HERE IF CASH RECEIVED FROM DEPOSIT SUBTOTAL YOUR FINANCIAL INSTITUTION YOUR CITY, STATE Zip Code LESS CASH RECEIVED DO NOT USE FOR AUTOMATIC PAYMENT OR CHECK TRANSACTIONS NET DEPOSIT :00000000 : 00000 00000.: ENTER TOTAL ON THE FRONT OF THIS TICKET Sample Deposit Slips 3/23 50 0 0 Your Signature 25 0 0 0 0 25 Back of Deposit Slip

14. Checking Account Statement 1 2 3 4 5 7 6

15. WITHDRAWALS OUTSTANDING - NOT CHARGED TO ACCOUNT $ Financial Institution balance shown on this statement Check Number Check Amount $ Total $ Subtract withdrawals outstanding $ Add deposits outstanding $ $ Balance $  *This balance should agree with balance in your check register. Total $ Reconciling Your Account 75.25 25.00 50.25 30.00 50.00 130.25 0.00