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Checking Project

Checking accounts allow easy access to funds for everyday purchases instead of using cash. Key terms include checking account, deposit, withdrawal, check, checkbook, check register, debit card, ATM, and PIN. Checks can be used to pay bills by mailing or electronic payment. To deposit a check, sign the back and fill out a deposit slip with details of cash and checks being deposited. Debit cards act like plastic money, allowing payments without cash by accessing one's checking account and using ATMs. Safety tips for debit card usage include protecting one's PIN number and only using the card when funds are available.

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54 views

Checking Project

Checking accounts allow easy access to funds for everyday purchases instead of using cash. Key terms include checking account, deposit, withdrawal, check, checkbook, check register, debit card, ATM, and PIN. Checks can be used to pay bills by mailing or electronic payment. To deposit a check, sign the back and fill out a deposit slip with details of cash and checks being deposited. Debit cards act like plastic money, allowing payments without cash by accessing one's checking account and using ATMs. Safety tips for debit card usage include protecting one's PIN number and only using the card when funds are available.

Uploaded by

api-276123292
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Checking Project!

Luis De Araujo

Block 6

Vocabulary Words

1.
2.

Checking Account- easily accessible account used for everyday purchases.


Deposit- adding money to a bank account

3.

Withdrawal- Taking money from a bank account

4.

Check- piece of paper used to pay various bills.

5.
Checkbook- a small booklet that holds up to 100 checks that you uses to pay
bills.
6.

Check Register- a document used to record your transactions

7.

Debit Card- plastic card that is accepted at almost every retail store, it

is another form of currency.


8.

ATM- An easy way to obtain your money 24/7. Fees may apply

9.

PIN- a 4-12 digit number that is used to secure your bank account.

Purpose of Checking
Accounts
1. Why do people have checking accounts? The main reason
for having a checking account is that no one wants to carry
all of their money in cash. It also makes paying your bills
easier and allows you to purchase things online.

2. What are 2 ways to make payments with checking accounts?


You have to swipe your debit card at a store and then they
ask you either debit or credit. If you say debit the money is
charged to your account immediately, but if you say credit
you are charged the amount after a few days. If you
purchase things online they work as either or it depends.

Checks
1. Checks can be used for a lot of different thing. The first thing
that
comes to my mind is paying your bills. You can send hand
written
checks or send them electronically to pay for your bills. You can
also
write a check when buying groceries or if its someones
wedding.
Checks are usually written when you dont have large amounts
of
money on you.

How to deposit a
check.
1. Sign the back of the check.
2. Fill out a deposit slip.
3. Date- On the slip you first put the date.
4. Signature line- Then you sign your name.
5. Cash- Then you add the total amount of cash being
added.
6. Checks - Then you list each check being deposited
individually.
7. Total from other side- Then the total of all checks
being added listed on the back.
8. Subtotal- Then you add up the subtotal thats the
total amount of cash and checks.
9. Less cash received- Then you add up the amount
of cash back being received
10. Net deposit- Then you find the amount being
deposited, to do so you subtract the cash received
from the subtotal.

Debit Cards
1. A debit card is used to make payments on the go, like
plastic money. It is a way to make payments without
carrying cash on you. It also allows you to access your
checking account and deposit/withdraw money at an
ATM.

Pro Tips!
1. Dont give anyone your pin number
2. Dont use your debit card if you dont have money in
the bank
3. Make sure you end the transaction before walking
away from the ATM
4. Cover your pin number

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