Checking account simulation pdf

One of the most common ways to make a payment is with a checking account. Check it out 8 fdic money smart financial education curriculum participant guide choosing a checking account checklist when looking for a checking account, take this checklist with you. These materials cover topics such as how to maintain a personal checking account your checking account, how to establish and maintain good credit your personal guide to loans and credit, and a description of the products and services offered by a typical financial institution. Checking account and debit card simulation transaction account. This teachers guide is designed for the kids grades 4 and 5 curriculum of the program. Scribd is the worlds largest social reading and publishing site. Ask the bank whether fees can be waived and how to avoid fees.

To pay for items using a checking account, writing a check is one option that can be given to the person or business as a form of payment. The hands on banking program is an interactive financialliteracy curriculum for students grades 412 and adults. Use the checks and deposit slips given to you on the attached sheets. Students become familiar with terms such as deposit, withdrawal, checks, and accounts. Funds in a checking account are easily accessed through. Contains the account holders account number and allows money cash or check to be deposited into the correct account. Students use an online checking simulation to learn how to bank online. Checking account and debit card simulation handouts. Students have to write checks, make a deposit, and keep track of their money using a check register. The hands on banking program was developed to teach both the basics of good money management and the skills needed to create a brighter financial future. Checking account and debit card simulation transaction. This excellent selection of worksheets walks learners through fundamental principles of personal finance and economics. Checking accounts financial education course tcf bank.

When youve finished, you will see the correct balance. Checking account checking accounts are a common financial service used by many consumers. There is the account holders name and address, the check number, blank space to write in the payees name, a box to write in the dollar amount in digits, blank space to write in the dollar amount in letters, an area for a memo and finally the area to sign the check. It lists the types of checking accounts and some questions that will help you choose the checking account that is right for you. Choose any two 2 offers and complete the grid below. To write the check, the account holder must complete the following items on the check in order for it to be accepted. Through this simulation, students will learn the value of. Compare the costs of the various accounts you are considering. Make sure that you take your time and make sure all of your calculations are correct. Ask students to recall the information covered in the last lesson. You can use this independently or in conjunction with the other four simulation days. Displaying top 8 worksheets found for checking account.

Allows paychecks and benefit checks to be directly deposited into a. Checkbook ease freeware is a free checking account and household budget program. They should be able to tell you about writing checks and recording transactions in a checking account register. Use this lesson as an introduction to the mi online bank using the checking account. Your checking account the financial literacy project.

Online banking simulation, lesson plans, teaching worksheets. When filling out a deposit slip, enter the following. Students will record various transactions, balance a checking account and strengthen their knowledge of the electronic banking industry. Atm automated teller machine that is electronically connected to an individuals bank account. Checking account simulation software free download checking. View the household budget and check your checkbook balance at the same time to make. Provide your child with his own checks, deposit slips, and register. Check atm debit card telephone internet why do people use checking accounts. Packets received after april 26, will have 10 points deducted from total score. Students first learn about checking account basics and then actually write checks, make deposit s and reconcile their accounts using the forms provided. Most of the typical american check s surface cheque, in nonamerican english is selfexplanatory. If you are prone to overdrafting your accounts, educate yourself on the best overdraft protection offered by your bank, as well as the fees that go along with it. In this activity students will create a business name, write 10 transactions for a checking account, and design 4 checks. The member services representative suggested a lowactivity account with no monthly service fee.

This worksheet is a simulation of a checking account. The financial literacy project internal training services. G1 continued services and fees will vary depending upon the financial institution research the financial institution and type of account. Find checking account simulation lesson plans and teaching resources.

Account 1 account 2 bank account name apy % minimum amount needed to open an account monthly fee. You are to use a pen when writing your checks and deposit slips. This online banking simulation allows you to see what it is like to manage your very own online bank account. This activity can be completed in roughly 30 minutes.

You will be recording banking transactions for yourself using the following transactions. This lesson is an introduction to the mi online bank using the checking account. Students complete lesson exercises on checking accounts, deposit. A checking account register and checkbook are used to record all transactions. In the process, you will be able to manage this account when various situations arise, make all of the online transactions you would on a real account, and see the consequences of your actions good or bad. Date of deposit amount of cash deposited checks to be deposited total deposit. Check writing, checkbook, checking account, lesson plans. Internal training services publishes financial literacy educational material for elementary and secondary schools. Teach high school students how to write a check and record transactions in a check register. Checking account and debit card simulation student assessment answer key introductory level directions step one.

Your checking account is designed to teach the skills necessary to maintain a checking account. Debit cards require using this to access the account to perform transactions. Making deposits, writing checks, using the register, and. This is the first day of a 4day checking account simulation. Checking account and debit card simulation moneyteach. Some of the worksheets for this concept are checking unit with lesson plans, kids instructor, checking account debit card simulation and student work, checking account, checking account balance work, managing a checking account, step 1 balance, balancing a checkbook.

Checking account and debit card simulation free download as powerpoint presentation. Another interactive walks you through the process of balancing your checking account. A deposit slip contains the account holders account number and allows money cash or check to be deposited into the correct account. You also went to the local credit union to open a checking account. Checking account and debit card simulation student assessment.

Click on see full details of any offer to get necessary information. Checking account simulation software free download. This free software has so many great features that make it easy to grasp and utilize. Learning the financial basics about checking accounts can help you make payment decisions with confidence. Online checking account simulation online checking account simulation. Revised october 2004 financial institutions unit checking account simulation. This activity it perfect for teaching banking and depository institutions.

Use this interactive to learn how to write a check. Students first learn about checking account basics and then actually write checks, make deposits and reconcile their accounts using the forms provided. Students will learn about overdraft protection options and how to record and calculate checking account transactions which include debit cards, checks, transfers, fees, and deposits. May 1 opened your checking account with your first paycheck. They can help to manage money and makes paying bills more convenient. Students use an online banking simulation to learn how to bank online. They move on to handling debit card and online transactions, reinforcing the need to keep good. Checking unit with lesson plans finance in the classroom.

Check it out 2 fdic money smart financial education curriculum participant guide checking account fees ask the bank for the fee schedule for checking accounts. Checking account and debit card simulation hands on application of electronic banking concepts and financial institution characteristics is achieved through a debit card simulation. Use this lesson as an introduction to the mi online bank. Use an online simulation to practice checking balances, monitoring their account, conducting transfers, and paying bills using online banking. Together, they represent scotts available money in mint it is summed as cash. It is important to understand electronic banking using your computer and the internet. All transactions including deposits, checks, debit card purchases, additional fees, and atm use should be recorded. Below you will see offers for other savings accounts. Students are given three days to contact a local bank andor research an online bank to find out what checking. Checking account simulation for a banking unit by business. It promotes a basic understanding of checking accounts. The check represents your biweekly paycheck you received from your job at a local store. Td bank financial education 2 grades 68lesson 2 lesson begins.