Using A Check Book3rd Grade MathJeanette Conner

What is a checking account?Why do you need one?What is a deposit?What is a withdrawal?What is a balance?How do you know your balance?

What We Need To Know

What is a checking account? An account used to deposit money at a

bank or credit union. Money can be added or removed from

the account by visiting the bank or writing a check.

Banks may require a minimum to open or maintain the account.

Why do you need one? Checking accounts are used to pay bills,

buy groceries, and to buy other items. A safer way of keeping money and not

carrying cash. Some vendors do not except cash. It can be use for proof of purchase.

What is a deposit?1.Put something somewhere: to put or drop leave something in safe place: to leave something somewhere for safekeeping2.Put money in bank: to pay money into an account in a bank or other financial institution3.A deposit is how money is put into a checking account.

What is a withdrawal?

Taking money from bank: the act of taking

money from a bank account, or the amount of

money taken out.

What is a balance?The amount of money in an account – which is how much money you have left to spend. To get the balance in a checking account –start with how much money is in the account and subtract the checks and withdrawals you have made.(Banks usually charge a small amount for the use of a checking account each month.)

1. Fill in the date.2. Name of business or person receiving check.3. Amount written in numeric form after $ sign.4. Amount of check written in word form on next line.5. For ____________ (why you are writing the check)6. Your Name (first and last)((Always make sure you have money in youraccount before writing a check.))

1.

3.4.

5. 6.

Writing a check2.

Using your check registerAFTER Writing A Check:1. Check number2. Date3. Who the check is to4. Amount5.Subtract amount of check from balance6. Enter your new balance

Using your check register (con’t)

Adding A Deposit:1. Date2. Where money came from3. Amount of deposit4. Add amount of deposit to balance5. Enter your new balance

More Things To Think About:

Over Drawn Accounts

Savings Account What to save for

Interest

Over Spending/Piling Up Debt Borrowing