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    Checking Project

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    api-288241922
    This document defines key terms related to checking accounts such as deposit, withdrawal, check, checkbook, check register, debit card, ATM, and PIN. It explains that a checking account allows account holders to draw checks against deposited funds. Deposits add money to the account while withdrawals remove money. A checkbook contains blank checks and a ledger to record transactions. A debit card can be used to make electronic payments from a linked bank account. The purpose of checking accounts is to make bill payments and purchases more convenient than carrying cash. Payments can be made using debit cards by swiping or entering the PIN number.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Checking Project

    Uploaded by

    api-288241922
    20 views9 pages
    This document defines key terms related to checking accounts such as deposit, withdrawal, check, checkbook, check register, debit card, ATM, and PIN. It explains that a checking account allows account holders to draw checks against deposited funds. Deposits add money to the account while withdrawals remove money. A checkbook contains blank checks and a ledger to record transactions. A debit card can be used to make electronic payments from a linked bank account. The purpose of checking accounts is to make bill payments and purchases more convenient than carrying cash. Payments can be made using debit cards by swiping or entering the PIN number.

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    checking project

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    This document defines key terms related to checking accounts such as deposit, withdrawal, check, checkbook, check register, debit card, ATM, and PIN. It explains that a checking account allows account holders to draw checks against deposited funds. Deposits add money to the account while withdrawals remove money. A checkbook contains blank checks and a ledger to record transactions. A debit card can be used to make electronic payments from a linked bank account. The purpose of checking accounts is to make bill payments and purchases more convenient than carrying cash. Payments can be made using debit cards by swiping or entering the PIN number.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    20 views9 pages

    Checking Project

    Uploaded by

    api-288241922
    This document defines key terms related to checking accounts such as deposit, withdrawal, check, checkbook, check register, debit card, ATM, and PIN. It explains that a checking account allows account holders to draw checks against deposited funds. Deposits add money to the account while withdrawals remove money. A checkbook contains blank checks and a ledger to record transactions. A debit card can be used to make electronic payments from a linked bank account. The purpose of checking accounts is to make bill payments and purchases more convenient than carrying cash. Payments can be made using debit cards by swiping or entering the PIN number.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 9

    CHECKING

    David Askew block 6

    VOCABULARY
    1.
    2.
    3.
    4.
    5.
    6.
    7.
    8.
    9.

    CHECKING ACCOUNT
    DEPOSIT
    WITHDRAWAL
    CHECK
    CHECKBOOK
    CHECK REGISTER
    DEBIT CARD
    ATM
    PIN
    CHECKING ACCOUNT

    DEPOSIT

    WITHDRAWAL

    an account at a bank against which


    checks can be drawn by the account
    depositor.

    a sum of money placed or kept in a


    bank account, usually to gain interest.

    an act of taking money out of an


    account.

    CHECKBOOK

    CHECK REGISTER

    DEBIT CARD

    a book of blank checks with a register


    for recording checks written.

    In accounting a check register is a


    document, usually part of the general
    ledger, used to record financial
    transactions in cash.

    ATM
    automated teller machine. This is a
    computer terminal that takes the
    place of a human bank teller and
    allows the user to access basic bank
    services

    PIN
    PINs usually contain four digits. Not all
    electronic transactions use this
    number, but cash withdrawals from
    ATMs invariably require this code. PINs
    should be known only to the users and
    never disclosed to anyone else.

    a card issued by a bank allowing the


    holder to transfer money
    electronically to another bank
    account when making a purchase.

    PURPOSE OF
    CHECKING ACCOUNTS

    1.

    Why do people have checking accounts?


    So people can pay bills easier and you dont have to
    carry cash in you all the time

    2. What are 2 ways to make payments with checking


    accounts?
    You can me a payment using debit or credit when
    you swipe your debit card

    CKECKS
    1. Explain why a check could be used
    You can use a check for multiple things such as paying
    bills, buy grousers, etc.
    2. Include a picture of a completed check

    DEPOSITING A CHECK

    How to deposit a check


    1. Sing the back of the check
    2. Fill out the date on the deposit slip
    3. Enter the amount of money from the check
    4. Sign the deposit slip
    5. Swipe your card

    DEBIT CARDS
    1. Explain what a debit card is used for
    A debit card is used for buy thing with money
    your have in the bank without going to the bank
    and withdrawing the money
    2.
    Include a picture of a debit card

    Debit card tips

    1. Never give anyone your pin


    2. Dont lost your debit card

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