Students will learn about checking accounts, savings accounts, and check-cashing services. They learn the components of a check and how to organize and enter information into a bank account register, balance a monthly account statement, and write a check. They also learn why maintaining account records is important.

Concepts

• Bank account register
• Check Checking account
• Check-cashing services
• Direct deposit
• Overdraft
• Savings account

Objectives

Students will

• compare checking accounts, savings accounts, and check-cashing services;
• explain what checks, debit cards, automatic deposits, and electronic payments are and how they are used;
• explain the importance of maintaining records of deposits to, withdrawals from, and payments from a bank account;
• explain the importance of balancing a bank account; and
• demonstrate filling out and balancing a bank account register.

Grade Level

Middle School – High School

Time Required

60-75 minutes

 
Whiteboard (SMART/notebook)
Whiteboard (ActivInspire/flipchart)
PowerPoint (pptx)