How to Open a Checking Account

1. How to Open a CheckingAccount The StAir Design will instruct students with Special Needs what a checking account is and how to open their own checking account.

2. Checks and Checking Accounts • A checking account is a record of money you have placed in the bank, so you can later pay bills or buy things without using cash. • A check is a written order telling the bank to pay money to the person named the check

4. When you put money in the bank you are making a deposit • When you write a check, the bank takes money from your checking account and pays the person that you name on the check. • The amount left is your balance • The bank helps you keep track of your check and deposits by mailing you a bank statement once a month. It is a written record of banking services.

6. Reasons to use checks instead of cash • Checks are safer. You don’t have to keep large amounts of cash in your pocket or home. • Checks save time. You can mail a payment or pay bills online instead of taking it to the person or into the business. • A check is a receipt. A receipt is a written document that your money was received by the person you owe. • Checks help you budget your money. You will be able to know where your money is going each month by looking at your cancelled checks. • A cancelled check is a check you wrote that has been paid by the bank and sent back to you.

7. Let’s take a QuizCheck YES after each statement that is correct. Check NO after each statement that is incorrect. • Checks are safer to use than cash. YES NO

8. Let’s take a QuizCheck YES after each statement that is correct. Check NO after each statement that is incorrect. 2. You don’t have to put money in the bank before writing a check. YES NO

9. Let’s take a QuizCheck YES after each statement that is correct. Check NO after each statement that is incorrect. 3. A checking account is a record of the money you have put in the bank for writing checks. YES NO

10. Let’s take a QuizCheck YES after each statement that is correct. Check NO after each statement that is incorrect. 4. It is a good idea to mail your bills in cash Instead of a check YES NO

11. Let’s take a QuizCheck YES after each statement that is correct. Check NO after each statement that is incorrect. 5. After writing a check, the money that is left in your account is your balance. YES NO

12. Let’s take a QuizCheck YES after each statement that is correct. Check NO after each statement that is incorrect. 6. A canceled check is a blank check that you have not written. The quiz must be completed before moving to the next section. YES NO

13. Correct! • Checks are safer to use than cash • Click on the arrow below to return to the quiz!

14. Incorrect! Checks are safer to use than cash • Click on the arrow below to return to the quiz!

15. Incorrect! You must to put money in the bank before writing a check. Click on the arrow below to return to the quiz!

16. Correct! You must put money in the bank before writing a check. • Click on the arrow below to return to the quiz!

17. INCORRECT! A checking account is a record of the money you have put in the bank for writing checks. Click on the arrow below to return to the quiz!

18. Correct! A checking account is a record of the money you have put in the bank for writing checks. Click on the arrow below to return to the quiz!

19. INCORRECT! NEVER mail cash, It is a good idea to mail your bills in a check. Click on the arrow below to return to the quiz!

20. Correct! It is a good idea to mail your bills in cash Instead of a check Click on the arrow below to return to the quiz!

21. Correct! After writing a check, the money that is left in • your account is your balance. • Click on the arrow below to return to the quiz!

22. INCORRECT! After writing a check, the money that is left in • your account is your balance. • Click on the arrow below to return to the quiz!

23. INCORRECT! A canceled check is a check that is paid by the bank and returned to you. • Click on the arrow below to return to the quiz!

24. CORRECT! A canceled check is a check that is paid by the bank and returned to you.

25. Congratulations, You can now successfully open your very own Checking Account! Good Luck and Don’t forget to add cash to your account before writing a check!