Objectives Identify characteristics of checking accounts. Compare checking accounts at various...

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CHECKING ACCOUNTS

Transcript of Objectives Identify characteristics of checking accounts. Compare checking accounts at various...

Page 1: Objectives Identify characteristics of checking accounts. Compare checking accounts at various financial institutions. Demonstrate the check endorsement.

CHECKING ACCOUNTS

Page 2: Objectives Identify characteristics of checking accounts. Compare checking accounts at various financial institutions. Demonstrate the check endorsement.

Objectives

Identify characteristics of checking

accounts.

Compare checking accounts at various

financial institutions.

Demonstrate the check endorsement

process.

Page 3: Objectives Identify characteristics of checking accounts. Compare checking accounts at various financial institutions. Demonstrate the check endorsement.

What is a Checking Account? A payment account Allows easy access to cash via

checks, debit card, or online bill pay Should only hold money that you

intend to spend quickly Available at most banks and credit

unions

Page 4: Objectives Identify characteristics of checking accounts. Compare checking accounts at various financial institutions. Demonstrate the check endorsement.

What do you need to open a checking account Social security number Form of ID (Driver’s License) Money for opening deposit

Page 5: Objectives Identify characteristics of checking accounts. Compare checking accounts at various financial institutions. Demonstrate the check endorsement.

Checking AccountsALL CHECKING ACCOUNTS ARE NOT CREATED EQUAL monthly service charge insufficient funds fees online banking minimum balance free perks (traveler’s checks, money orders)

THE KEY TO FINDING THE RIGHT ACCOUNT FOR YOU IS TO FIND ONE THAT COSTS YOU THE LEAST AMOUNT POSSIBLE

ALSO KNOWN AS

FREE CHECKING

Page 6: Objectives Identify characteristics of checking accounts. Compare checking accounts at various financial institutions. Demonstrate the check endorsement.

Types of Checking Accounts

Free Basic Interest Bearing (Money Market) Express Checking Lifeline Checking Student Checking Senior Checking

Page 7: Objectives Identify characteristics of checking accounts. Compare checking accounts at various financial institutions. Demonstrate the check endorsement.

STUDENT CHECKING ACCOUNTS

Page 8: Objectives Identify characteristics of checking accounts. Compare checking accounts at various financial institutions. Demonstrate the check endorsement.

Terms

Payee Canceled check Overdraft Endorsement

Page 9: Objectives Identify characteristics of checking accounts. Compare checking accounts at various financial institutions. Demonstrate the check endorsement.

Assignment

Comparing a free checking account with a basic checking account

Locate a bank that offers a student checking account and list three ways that it is different from the basic/free checking accounts. Record the information on the back of the comparison sheet.

Go to www.getinbalance.org and go through Chapters 1-7. Complete the quiz as you go.

http://www.getinbalance.org/

Chapter © 2010 South-Western, Cengage Learning Checking Accounts Savings Accounts and Banking Services 9.1 9.1 Checking Accounts 9.2 9.2 Banking Services.

Chapter © 2010 South-Western, Cengage Learning Checking Accounts Savings Accounts and Banking Services 9.1 9.1 Checking Accounts 9.2 9.2 Banking Services.

Insured Savings/Checking Accounts Shaianne Kealoha Period 7.

Insured Savings/Checking Accounts Shaianne Kealoha Period 7.

Checking Accounts Checking Accounts. Register for Virtual Classroom – Personal Finance Go to //vb.knowledgematters.com

Checking Accounts Checking Accounts. Register for Virtual Classroom – Personal Finance Go to //vb.knowledgematters.com

Chapter 9 Checking Accounts and Other Banking Services.

Chapter 9 Checking Accounts and Other Banking Services.

SDFCU Checking Accounts

SDFCU Checking Accounts

Chapter 3 Banking Services. 3.1 Checking Accounts.

Chapter 3 Banking Services. 3.1 Checking Accounts.

BUSINESS CHECKING ACCOUNTS

BUSINESS CHECKING ACCOUNTS

Savings & Checking Accounts

Savings & Checking Accounts

Chapter 9 Checking Accounts and Other Banking Services

Chapter 9 Checking Accounts and Other Banking Services

Chapter 29 Checking Accounts Section 29.1 The Basics of Checking Accounts.

Chapter 29 Checking Accounts Section 29.1 The Basics of Checking Accounts.

Checking Accounts Unit 1, Lesson 1.

Checking Accounts Unit 1, Lesson 1.

Brochure for Business Accounts - AimBank Account... · 806.513.6750 AimBank Business Accounts . Small Business Checking . A Free business checking account. • $50 Minimum opening

Brochure for Business Accounts - AimBank Account... · 806.513.6750 AimBank Business Accounts . Small Business Checking . A Free business checking account. • $50 Minimum opening

Managing Credit cards Checking Accounts & other Banking Transactions.

Managing Credit cards Checking Accounts & other Banking Transactions.

Checking Account Simulation Understanding Checking Accounts.

Checking Account Simulation Understanding Checking Accounts.

Checking Accounts Step 5 – Reconciling with Your Bank.

Checking Accounts Step 5 – Reconciling with Your Bank.

Checking Accounts and Other Banking Services Chapter 9 Lesson 9.1 – Checking Accounts Lesson 9.2 – Other Banking Services and Fees.

Checking Accounts and Other Banking Services Chapter 9 Lesson 9.1 – Checking Accounts Lesson 9.2 – Other Banking Services and Fees.

Banking How banks work along with checking accounts.

Banking How banks work along with checking accounts.

Checking Saving s & Investment Accounts

Checking Saving s & Investment Accounts

Checking Accounts and Banking Services

Checking Accounts and Banking Services

Terms and Conditions for Checking and Savings Accounts

Terms and Conditions for Checking and Savings Accounts