Transcript Check Books

Check Books
NEFE High School Financial Planning Program
Unit 5 – Your Money: Keeping it Safe and Secure
Writing Utensil
• Blue / black normal pen
– Gel pens may not read
– Colors may not show up on digital scans
• Safety pens
– Ink is absorbed into the check and cannot be
‘washed’ off
Deposit
2
Exercise 5-C, Page 62
6
1
Today’s date goes here
Print Your Name Here
3
Print
Your Address Here
4
Sign Your Name Here
5
3 33 3 3 3 3
Click the numbers
5-E-1
7
x
125 0 9
3 75 2 5
500 3 4
75 0 0
4 25 3 4
Complete Exercise Handout
5-E-2
Deposit
Exercise 5-C, Page 62
x
Mrs. Catalano
1001 S. Barnes Rd Mason MI
60 3 1 3 0 0 4
5-E-3
50 0 0
31 4 67
5 01 2
414 7 9
2500
389 7 9
NEFE High School Financial Planning Program
Unit 5 – Your Money: Keeping it Safe and Secure
Endorsing Checks
• Endorsement: Signing your approval for
a check to be chased
• Blank: Sign your name
• Restrictive: Make sure deposited only in
your account
– For Deposit Only, Sign Name, Account #
• Special: Give check to someone else
– Pay to the order of, Their name, Sign
NEFE High School Financial Planning Program
Unit 5 – Your Money: Keeping it Safe and Secure
Practice
• Handout with Endorsement and another
Deposit
NEFE High School Financial Planning Program
Unit 5 – Your Money: Keeping it Safe and Secure
Check Practice
Check Details
Click the numbers
1
2
3
4
5
6
7
8
9
10
11
Enter
Put
Here
your
just
the
personal
date
number
you
check
signature
write
ofNumber.
this
number
each
Check.
here.
check.
again
(see
above
right).
On
Here
This
Legibly
Place
Make
the
isisthe
sure
to
lower
where
the
your
print
add
Routing
your
Account
line,
the
any
you
personal
amount
information
write
write
Number
out
the
of
information
the
money
name
for
you
(Note
amount
your
want
ofthis
the
that
bank
on
like
check
toparty
the
sometimes
related
(used
this.
check
is
you
for.
for
to
are
iselectronic
this
these
correct.
writing
check.
twoyour
check
transfers
numbers
to (the
of
arefunds
payee).
the reverse
from
Beyour
sure
of what
account
to write
is shown
to
orthe
print
here.)
payee’s
legibly!account)
John M. Smith
5-F
NEFE High School Financial Planning Program
Unit 5 – Your Money: Keeping it Safe and Secure
Practice Writing a Check &
Recording
• Handout Start with $416.68
– 1st Check # 234
– For Shoes to Robinson’s Department Store,
$47.93
NEFE High School Financial Planning Program
Unit 5 – Your Money: Keeping it Safe and Secure
Keep a Record
Click Here
1
2
Finish recording transactions
3
Last Balance
234
235
3/7
Robinson’s Department
Shoes
3/12 Acme Insurance – Auto
416.68
47.93
350
-47.93
368.75
18.75
274.36
5-G
NEFE High School Financial Planning Program
Unit 5 – Your Money: Keeping it Safe and Secure
Does It Balance?
1 of 2
Reconciling your checking account statements
Why reconciling is important
• Lets you check for mistakes and checks
you wrote but did not enter.
• Gives you a chance to subtract other
charges that the financial institution may
have added.
• Lets you add any interest that your
checking account may have earned.
5-H-1
NEFE High School Financial Planning Program
Unit 5 – Your Money: Keeping it Safe and Secure
Does It Balance?
2 of 2
Reconciling your checking account statements
Why reconciling is important
• Not all the checks you have written will
always be shown, because they may not
have been cleared by your bank or credit
union.
• Uncleared checks will show up on your
next statement.
5-H-2
NEFE High School Financial Planning Program
Unit 5 – Your Money: Keeping it Safe and Secure
Exercise 5E: Does it Balance?
1. Add interest and other deposits made
but not yet entered in your checkbook
balance sheet.
2. Subtract any service charge or other
deductions not previously entered in your
checkbook balance sheet.
3. Add deposits made but not shown on
this statement.
4. Subtract checks issued and withdrawals
made but not shown on the statement.
5-H-3
PRACTICE WITH HANDOUT
NEFE High School Financial Planning Program
Unit 5 – Your Money: Keeping it Safe and Secure
Debit Cards
HOW TO USE A DEBIT CARD
• Swipe the debit card in the card reader, or
give it to the clerk to swipe.
• Choose the “Debit” option.
• Enter your PIN number*
• Enter the amount of cash back, if desired.
• Money is taken directly out of your
checking account, so enter the amount
spent into your checking ledger.
5-J
*About your PIN
About Your PIN
• PIN stands for Personal Identification
Number. This number gives you access
to your account, so it’s important to
keep it secret.
• Memorize your PIN number. Do not
write it down and keep it somewhere in
your wallet (where someone could find
and use it).
5-J-Extra
NEFE High School Financial Planning Program
Unit 5 – Your Money: Keeping it Safe and Secure
Using Debit Card as Credit
• Swipe the credit card in the card reader, or
give it to the clerk to swipe.
• Choose the “Credit” option.
• Sign the receipt.
• Keep and save your copy of the receipt to
record later in order to keep track of what
you have spent.
5-K