PPT-The Checking Account

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. WHAT YOU NEED TO KNOW?. Presented by: Kellie Crawford. June 20, 2013. BASIC DEPOSIT ACCOUNTS. Free checking. Non interest bearing checking. Fee driven . checking. Interest bearing checking. Interest bearing checking with requirements. 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:. Parts of a Check. 7. 8. 9. Date line. P. ayee. Numeric amount. Written amount. Memo. Signature. Check #. Bank routing and account #’s. Checking Account Terms Review. Check. Canceled check. Overdraft. 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:. Opening an Account. Writing Checks. Keeping Records. Endorsing Checks. Reconciling. 21. st. Century Banking. Chapter 29 Checking Accounts. Opening an Account. Writing Checks. Keeping Records. Endorsing Checks. 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, it’s said to have bounced. 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 GET $50 FOR YOU, PLUS $50 FOR YOUR FRIEND! CURRENT PECU MEMBER Here’s an opportunity for you to refer a friend and receive $50 for each new PECU member you refer. Your friend needs to open a ne consumerx00660069nancegov1 of 3CONSUMER GUIDE TO Managing your checking accountTo be successful with your checking account you x00660069rst need to choose an appropriate product to meet your needs The The Benefits of Reading Books The Benefits of Reading Books 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.