PPT-Math 2 Checking Account Can you write me a check?

Checking Accounts Checking account an account where the holder can write checks draw less interest Withdrawal amount of money taken out of an account Overdraft a check is written for more money than is currently in the account If the bank refuses to cask the check its said to have bounced. financeintheclassroom.org. Managing Your Money with a Checking Account. Learning About Checking Accounts. Having a checking account is a good idea. Your money . will be safe and you’ll have a record of what you’ve paid for. You’ll know how much you have left to use or save.. Personal Finance. Objectives. To be able to write a check. To record a check and a debit in a checking . account register. Do Now:. What is the difference between a checking and a savings account?. When Shopping for a Checking Account look for:. Information taken from financeintheclassroom.org. Why Do You Want a Checking Account?. Money is kept safe. A record is kept of what you spend and what you earn. You gain interest on the money you put in the bank. Personal Finance. Objectives. To be able to write a check. To record a check and a debit in a checking . account register. Do Now:. What is the difference between a checking and a savings account?. When Shopping for a Checking Account look for:. The most widely used service that a bank offers. .. Money. on demand!. Benefits of a checking account. Convenience. Safety to make payments with less risk than using cash.. Proof of payment. A record of finances for managing your money.. Check. A check is a written, dated and signed . slip of paper . that contains an unconditional order from the drawer that directs a bank to pay a definite sum of money to a payee. . The . money is drawn from a banking account, also known as a checking account.. Learning Activity 4. 4-. 1. Dishonored Checks (1 of 2). Consequences. Service charge. Bad credit rating. Mandatory counseling. Added to dishonored check list. Suspension of check cashing privileges. Reprimand. Accounting. Mr. . Khatcheressian. 11/19/2013. Chapter 5 Preview. Chapter 5 describes cash control systems for a sole proprietorship. . Checking accounts, including writing checks and reconciling bank statements, are covered.. Check Writing. Checks include the following information:. Check Writing. DATE: Include the month, day and year you are writing the check.. Check Writing. PAYEE: Write the name of the person or business on the line, . Month: January. Helpful Hints. Remember to fill out the check register before you write the check. Normally use a pen, for our simulation you may use a pencil. You are require to write checks, make deposits and reconcile for the first two months-January and February.. Fees are subject to change. For updates: call us at (760) 352-1540, option 0, visit cu.com or write to us at First Imperial Credit Union, Attn: Member Services, P.O. Box 3247, El Centro, CA 9224 03-0120Employee NameAddress ABA Bank Routing Account Check2112 8761 2 7171 XXXXX XXXXX XXXX How Do People Gain Access to Money They Keep in the Bank?. Checking Account. Write a check. EFT = electronic funds transfer. Card swipe with PIN (personal identification number). Online banking. NOTE: . . OBJECTIVES. Explain. how checking accounts work. . Complete. a check register.. Slide. . 2. . . Key Terms. checking account. check. electronic funds transfer . (EFT). payee. drawer. check clearing.