PPT-Checking Account & Debit Card Simulation

Understanding Checking Accounts and Debit Card Transactions Banking Objectives Making a deposit Writing a check Using a debit card Keeping track of our checking account through a check register. 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:. Chen LI . 　. Masao Nagasaki. Kazuko Ueno Satoru . Miyano. Overview of the work. The topic of this presentation. Establish a quantitative methodology to model and analyze . Advantages and Disadvantages. What is credit?. What is the difference between debit and credit cards?. What are advantages and disadvantages of credit cards?. VOCAB TO KNOW!. Credit. : . goods, services, and/or money received in exchange for a promise to pay back a definite sum of money at a future date. is an account held at a bank or credit union into which account owners deposit funds.. An . overdraft. occurs when an account holder does not have enough money to cover transactions from checks, ATM withdrawals, debit card purchases, or electronic payments.. 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. Learning Activity . 5. 5-. 1. Dishonored Checks (1 of 2). Consequences. Service charge. Bad credit rating. Mandatory counseling. Added to dishonored check list. Suspension of check cashing privileges. On the back of your packet, please answer these questions: Do you have a checking account? How long have you had this checking account? (approx) Do you take advantage of online banking? What best do you like about online banking? The Benefits of Reading Books 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.