Checking Account Simulation. Understanding Checking Accounts. What is a Checking Account?. Tool used to transfer funds deposited into the account to make a cash purchase Could also be named a transaction account Common financial service used by many consumers Available at banks.
Understanding Checking Accounts
To completed check, fill in the:
To whom the check was written
SignatureWhat is a Check?
No records of written checks holder’s:
Each check must be logged in the register immediately to track transactions
Provides a written record of each check with the carbon copy
Convenient in case the check was not recorded into register immediatelyOrdering continued
Research before choosing a financial institution and checking account!
Follow the precautions to prevent checking account fraud!
Report a lost/stolen checkbook, ATM, and/or debit card immediately!