Banking

Banking

Today's Objective; Demonstrate accuracy in the following areas: a.     Opening a persona checking/savings account. b.     Making a bank deposit. c.     Withdrawing funds. d.     Writing and endorsing checks. e.     Maintaining a check register. Reconciling a bank statement

OPENING A CHECKING/SAVINGS ACCOUNT

•   Signature card :   1.   Use full name (or names if a joint account). 2.     Checks should be signed with the same name. B.    An initial deposit must be made using a deposit slip. C.    Checks, checkbooks and temporary checks

• A.    Signature card B.    Initial deposit. C.    Deposit slip D.    Savings account register or passbook.
  

 MAKING A DEPOSIT

Accounting information 1.   Depositor's name. 2.     Account number. 3.     Date of transaction. 

List amount of money being deposited.          1.   Currency - paper money/dollar bills.          2.   Coins

 Checks a.   Listed separately. b.     Identified by ABA number c.     Total amount to be deposited. 

Totals a.   Cash received deducted from total. b.     Signature required if receiving cash back.

Signature Card

ACOUNT _______         AUTHORIZED SIGNATURE FOR:         

  NAME ______________________________________         ADDRESS ___________________________________         TELEPHONE ________________________________         SIGNATURE _________________________________         DATE _______________________________________  

Signature Card

 Each authorized user of the account must complete a signature card.   §  The name of the card should be the signature used on all account transactions.   §  This helps detect unauthorized use of the account.

Deposit Slip

 A deposit slip must accompany each deposit.   The depositor's name, account number, and the date must be on the deposit slip.     Currency, coins and checks must be listed separately.  Checks should be identified by the ABA number.  The total must be written.

Let's Practice   

Marquis Best opened his business, Best’s Burgers, on March 12. He deposited the following at the bank in his new account, number 23-2133:   Bills:    $ 206.00                          Coins:   $31.15 Checks:                   Jack James   $12.50               Lucinda Moore  $23.24   Prepare a signature card and a deposit slip for Marquis. His address is 321 Main Street, Hayes, NC 23422-9321. His phone number is [phone].

Lets do a short review

wait for the game code