How to Open a Checking Account

How to Open a CheckingAccount

The StAir Design will instruct students with Special Needs what a checking account is and

how to open their own checking account.

A check is a written order telling the bank to pay money to the person named the check

A checking account is a record of money you have placed in the bank, so you can later pay bills or buy things without using cash.

Checks and Checking Accounts

• When you put money in the bank you are making a deposit

• When you write a check, the bank takes money from your checking account and pays the person that you name on the check.

• The amount left is your balance • The bank helps you keep track of your

check and deposits by mailing you a bank statement once a month. It is a written record of banking services.

• Checks are safer. You don’t have to keep large amounts of cash in your pocket or home.

• Checks save time. You can mail a payment or pay bills online instead of taking it to the person or into the business.

• A check is a receipt. A receipt is a written document that your money was received by the person you owe.

• Checks help you budget your money. You will be able to know where your money is going each month by looking at your cancelled checks.

• A cancelled check is a check you wrote that has been paid by the bank and sent back to you.

Reasons to use checks instead of cash

Let’s take a QuizCheck YES after each statement that is correct. Check NO after each statement that is incorrect.

YESNO1. Checks are safer to use than

cash.


YESNO

2. You don’t have to put money in the bank before writing a check.


YESNO3. A checking account is a

record of the money you have put in the bank for writing checks.


YESNO4. It is a good idea to mail your

bills in cash Instead of a check


YESNO5. After writing a check, the money that is left in your account is your balance.


The quiz must be completed before moving to the next section.

YESNO6. A canceled check is a blank check that you

have not written.

Correct! Checks are safer to use than cash

Click on the arrow below to return to the quiz!

Incorrect! Checks are safer to use than cash


Incorrect! You must to put money in the bank before

writing a check.


Correct! You must put money in the bank before writing a check.

• Click on the arrow below to return to the quiz!

INCORRECT! A checking account is a record of the money you have put in the bank for writing checks.


Correct! A checking account is a record of the money you have put in the bank for writing checks.


INCORRECT! NEVER mail cash, It is a good idea to mail your bills in a check.


Correct! It is a good idea to mail your bills in cash Instead of a check


Correct!

After writing a check, the money that is left in your account is your balance.


INCORRECT!

After writing a check, the money that is left in your account is your balance.


INCORRECT! A canceled check is a check that is paid by the bank and returned to you.

• Click on the arrow below to return to the quiz!

CORRECT! A canceled check is a check that is paid by the bank and returned to you.

Congratulations, You can now successfully open your very own Checking Account! Good Luck and Don’t forget to add cash to your account before writing a check!

Documents

How to Open a Checking Account