1 / 9

Do Now

Do Now. What is a checking account ? What is the difference between a checking account and a saving account?. Reminders. News Article Analysis due FRIDAY!. 9.3- Checking Accounts. Banks offer two types of accounts: checking and savings. Checking accounts are for immediate expenses.

kineks
Download Presentation

Do Now

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Do Now What is a checking account? What is the difference between a checking account and a saving account?

  2. Reminders • News Article Analysis due FRIDAY!

  3. 9.3- Checking Accounts • Banks offer two types of accounts: checking and savings. • Checking accounts are for immediate expenses. • The bank records deposits and withdrawals.

  4. What are the benefits of checking accounts? • Bank accounts keeps your money safe and make it easy to pay bills with checks or debit cards.

  5. Opening an Account • Shop around to find a bank that offers accounts that suit your needs. • Ask questions about fees, interest rates, charges for printing checks, and restrictions. • Minimum balance- find out if you need to maintain a minimum balance on the account to avoid fees • Overdraft- most banks charge a high fee for withdrawing more money than is in your account.

  6. Guided Practice • How to write a check

  7. Independent Practice • 1) Read the information about check cashing services. • 2) Answer the questions

  8. Homework • News Article Analysis due FRIDAY!

  9. Exit Ticket • 1) What is the major benefit of opening a checking account? • 2) What is one negative aspect to using check cashing stores?

More Related