Writing Checks & Deposit Slips

Front

What is a check?

Back

A check is a written order directing a bank to pay a specific amount of money from a person's account to another person or entity.

Tags

CCSS.RI.9-10.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.8.5

CCSS.RI.7.3

Front

What is a deposit slip?

Back

A deposit slip is a form used to deposit money into a bank account, detailing the amount being deposited and the account number.

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.8.4

CCSS.RI.7.4

CCSS.RI.11-12.4

Front

What does the term 'withdrawal' mean?

Back

A withdrawal is the act of taking money out of a bank account.

Front

Where is the account number located on a check?

Back

The account number is typically found at the bottom of the check.

Front

What is the purpose of the 'Pay to the Order of' line on a check?

Back

This line indicates the person or entity to whom the check is payable.

Tags

CCSS.L.9-10.6

CCSS.W.9-10.2D

CCSS.W.8.2D

CCSS.L.8.6

CCSS.L.7.6

Front

What information is required to write a check?

Back

To write a check, you need the date, payee's name, amount in numbers and words, your signature, and your account number.

Front

What does it mean to endorse a check?

Back

Endorsing a check means signing the back of it to authorize the bank to cash or deposit it.

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.8.4

CCSS.RI.11-12.4

CCSS.RI.7.4

Front

What is the significance of the date on a check?

Back

The date indicates when the check was written and can affect its validity.

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.8.4

CCSS.RI.7.4

CCSS.RI.11-12.4

Front

What is a bank statement?

Back

A bank statement is a summary of all transactions in a bank account over a specific period.

Tags

CCSS.RL.9-10.7

CCSS.RI.9-10.7

CCSS.RL.8.7

CCSS.RI.8.7

CCSS.RL.7.7

Front

What is the difference between a checking account and a savings account?

Back

A checking account is used for daily transactions, while a savings account is intended for saving money and typically earns interest.

Tags

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.5

CCSS.RI.8.3

CCSS.RI.7.5