Now introducing Checking accounts Putting your money somewhere

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Now introducing … Checking accounts Putting your money somewhere besides under your mattress

Now introducing … Checking accounts Putting your money somewhere besides under your mattress

Why open a checking account? § § Makes life easier when paying bills You

Why open a checking account? § § Makes life easier when paying bills You can determine your expenses Helps create a budget Avoid carrying large amounts of cash

Beginning a Checking Account … § This is a members only club, here is

Beginning a Checking Account … § This is a members only club, here is how you can be a member … It all starts with the Signature card … $ You must show your identification and fill out The members only signature card $ Then you will get an account number and checkbook And that is just the beginning …

Checking deposits § Getting your money into the checking account § § Cash Checks

Checking deposits § Getting your money into the checking account § § Cash Checks Total Deposit Net Deposit § Frequently Asked Questions § As soon as I deposit a check will the money be available for me? § Depends – day and type of deposit

Tips To Remember Tipsisforit making sure it is good … carefully? Why important to

Tips To Remember Tipsisforit making sure it is good … carefully? Why important to write a check Write clearly and neatly Use ink D I O Sign your name consistently Use cursive when signing All figures are legible V

Ways to get it out … § § § ATM Withdrawal Debit Card Transfers

Ways to get it out … § § § ATM Withdrawal Debit Card Transfers from checking to savings Checking Account Savings Account

Keeping Track of spending § Why should I? § Not bounce checks § Extra

Keeping Track of spending § Why should I? § Not bounce checks § Extra fees § Keep track of how you spend your money § How do I? § Check Entries § Service Charge entries § Deposit entries § ATM entries

Comparing what your have to what the bank says you have § RECONCILIATION §

Comparing what your have to what the bank says you have § RECONCILIATION § Do the bank records match your records? § Check your register with the account statement the bank sends in the mail § Why do people hate this?

Endorsing Checks 3 Ways to endorse a check Endorse here Melissa Wojowski For deposit

Endorsing Checks 3 Ways to endorse a check Endorse here Melissa Wojowski For deposit only Do not write below this line Blank Endorsement Melissa Restrictive Endorsement Wojowski Do not write below this line Endorse here Melissa Wojowski Pay to the order of Jon Smith Do not write below this line Endorsement in full (special)

Banking today … § Debit Card § Use at stores § Take out cash

Banking today … § Debit Card § Use at stores § Take out cash from an ATM § Telephone banking § Transfer funds § Check balance § Pay bills § Internet banking § Transfer funds § Check balance § Pay bills

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