Checking and savings accounts

You should open a checking account because...

• It keeps your money safe.

• It's insured by the bank.

• It helps you save and budget your money

• All of the above are correct

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True or False - When you make a deposit in your checking account you are putting money IN your account.

• True

• False

True or False - When you make a withdrawal from your checking account you are taking money OUT of your account.

• True

• False

You should use a check register to balance your checking account because...

• it helps you keep track of how much money is in your account.

• checking accounts are a great tool.

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Saving account's help you

• because you can write checks.

• save for the future.

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You should put money in a saving account because it can help if there is an

• emergency and you need money.

• ice cream that you need.

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If you do not open a checking account and you choose to keep your money at home, you risk...

• nothing

• losing your money.

What's the difference between a checking and a saving account?

• A checking account is an account that you can pay your bills with and have access to a debit (ATM) card. A saving account is an account you should use to save for your future.

• A saving account is an account you can write checks to pay your bills and use your ATM card, A checking account is used to save for your future.

Name one bank?

A checking account allows you to write ___________ and withdraw money at an ___________.

• Checks, ATM

• Savings, school

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