Check Books

1. Check Books

2. Writing Utensil • Blue / black normal pen • Gel pens may not read • Colors may not show up on digital scans • Safety pens • Ink is absorbed into the check and cannot be ‘washed’ off

3. 6 7 5 4 3 2 1 DepositExercise 5-C, Page 62 x Today’s date goes here 1 2 5 0 9 3 7 5 2 5 Print Your Name Here Print Your Address Here 4 5 0 0 3 Sign Your Name Here 7 5 0 0 3 3 3 3 3 3 4 3 2 5 3 4 Click the numbers 5-E-1

4. Complete Exercise Handout 5-E-2

5. DepositExercise 5-C, Page 62 x 5 0 0 0 3 1 4 7 6 Mrs. Catalano 5 0 1 2 1001 S. Barnes Rd Mason MI 4 1 4 7 9 2 5 0 0 0 4 3 8 9 7 9 6 0 3 1 3 0 5-E-3

6. Endorsing Checks • Endorsement: Signing your approval for a check to be chased • Blank: Sign your name • Restrictive: Make sure deposited only in your account • For Deposit Only, Sign Name, Account # • Special: Give check to someone else • Pay to the order of, Their name, Sign

7. Practice • Handout with Endorsement and another Deposit

8. Check Practice

9. 1 2 3 4 5 9 8 7 6 10 11 Check Details Click the numbers This is just your check number again (see above right). Enter the date you write each check. Put your personal signature here. Here is the number of this Check. Here is where you write the name of the party you are writing your check to (the payee). Be sure to write or print legibly! On the lower line, write out the amount like this. Legibly print the amount of money this check is for. Place to add any information you want to related to this check. Make sure your personal information on the check is correct. This is the Routing Number for your bank (used for electronic transfers of funds from your account to the payee’s account) This is your Account Number. (Note that sometimes these two numbers are the reverse of what is shown here.) 5-F

10. Practice Writing a Check & Recording • Handout Start with $416.68 • 1st Check # 234 • For Shoes to Robinson’s Department Store, $47.93

11. 3 2 1 Keep a Record Click Here Finish recording transactions Last Balance 416.68 234 3/7 Robinson’s Department Shoes 47.93 -47.93 368.75 18.75 Acme Insurance – Auto 235 350 3/12 274.36 5-G

12. Why reconciling is important Lets you check for mistakes and checks you wrote but did not enter. Gives you a chance to subtract other charges that the financial institution may have added. Lets you add any interest that your checking account may have earned. Does It Balance?Reconciling your checking account statements 1 of 2 5-H-1

13. Why reconciling is important Not all the checks you have written will always be shown, because they may not have been cleared by your bank or credit union. Uncleared checks will show up on your next statement. Does It Balance?Reconciling your checking account statements 2 of 2 5-H-2

14. Addinterest and other deposits made but not yet entered in your checkbook balance sheet. Subtractany service charge or other deductions not previously entered in your checkbook balance sheet. Adddeposits made but not shown on this statement. Subtractchecks issued and withdrawals made but not shown on the statement. Exercise 5E: Does it Balance? PRACTICE WITH HANDOUT 5-H-3

15. HOW TO USE A DEBIT CARD Swipe the debit card in the card reader, or give it to the clerk to swipe. Choose the “Debit” option. Enter your PIN number* Enter the amount of cash back, if desired. Money is taken directly out of your checking account, so enter the amount spent into your checking ledger. Debit Cards *About your PIN 5-J

16. PIN stands for Personal Identification Number. This number gives you access to your account, so it’s important to keep it secret. Memorize your PIN number. Do not write it down and keep it somewhere in your wallet (where someone could find and use it). About Your PIN 5-J-Extra

17. Swipe the credit card in the card reader, or give it to the clerk to swipe. Choose the “Credit” option. Sign the receipt. Keep and save your copy of the receipt to record later in order to keep track of what you have spent. Using Debit Card as Credit 5-K