2.03BM Classic Checking Skills

Instructions

QUESTION OF THE DAY: How many checks does the average American write each year? 5 min
Answer the question on the first slide in the space below. Then, compare your answer to the answer on the second slide. Finally, follow your teacher’s directions on how to answer the follow-up questions on the last slide.

2

How many checks does the average American write each year?
Your Guess:_______ 
Answer: _______ 

VIDEO: Know Your Checking Account 5 min
In today's digital age, checks may seem outdated, but they still play a crucial role in certain aspects of banking. Watch the video to get to know your checks, their security features and how they’re commonly used. Then, answer the questions.

1

What are checks primarily used for today, according to the video?

1

Explain the security features that modern checks have to prevent fraud.

1

INTERACTIVE: How to Write a Check 📷8 min
Now that we’ve learned about their purpose and how they work, let’s get some practice writing a check. Click the link and follow the instructions to learn how to write a check. Then, try out the assignments that follow.

5

Screen shot Assignment 1 here:

5

Screen Shot Assignment 2 here:

5

ARTICLE: What Is an E-Check and How Does It Work? 📷5 min
After mastering the art of writing checks, you might be wondering what other payment options are available in our increasingly digital world. Understanding how to use your checking account number for online transactions can offer you convenience and flexibility. Read the article up to “Where Can You Shop Online and Pay with your Checking Account?” about using checking account numbers to issue e-checks. Then, answer the questions.

1

What are the two pieces of information needed to shop online with your checking account?_______ _______ 

3

What types of payments are mentioned in the article as being commonly made using e-checks?
Mortgage payments
_______ 
_______ 
_______ 

3

What are the potential advantages of using e-checks over paper checks?(name 3)_______ _______ _______ 

VIDEO: How to Endorse a Check
ARTICLE: How To Deposit a Check  📷11 min
Receiving a check is a common occurrence, whether it's for work, a gift, or a refund. Understanding how to deposit a check is a fundamental skill, and you have multiple options to do so. Each method has its own set of procedures and considerations, making it important to choose the one that best suits your needs. Watch the video and read the article to learn about this process. Then, answer the questions.

1

What is the first step you need to take when depositing a check in person at a bank?

2

Compare and contrast the process of depositing a check at a bank branch, at an ATM, and using a mobile device. What are the similarities _______ and differences_______ ?

RTICLE: What Is a Stop Payment And How Does It Work?  📷7 min
There are moments when you write a check and hand it over and then realize that you need to cancel the payment before it’s cleared. Read this article about stop payments. Then, answer the questions.

6

Explain the steps you should take to issue a stop payment order.
_______ 
_______ 
_______ 
_______ 
_______ 
_______ 

2

List at least two reasons why an individual might request a stop payment._______ _______ 

ARTICLE: Where To Find Free Check Registers and How To Use Them  📷6 min
Managing your finances requires more than just checking your balance online. One traditional yet effective tool is a check register. By maintaining a check register, you can catch errors, avoid fees, and gain a clearer understanding of your financial habits. Read the article about check registers. Then, answer the questions.

1

What is the primary purpose of using a check register?

1

Explain how a check register can help you identify bank mistakes or catch identity theft.

ACTIVITY: CALCULATE: Reconcile Your Checkbook 📷15 min
Now that we’ve learned the essentials of writing, depositing and tracking a check, let’s reconcile your checkbook! Follow the directions on the worksheet to complete this activity.

CALCULATE: Reconcile Your Checkbook [Answer Key]📷15 min
If you track your monthly checking account transactions manually, it’s important to compare your records with those of the bank’s to make sure you have an accurate knowledge of how much is in your account! In this activity, you will reconcile (or compare/match) a sample checkbook register and bank statement.
Part I: Definitions
Review the definitions below of the three things you need to reconcile your checkbook: **RECORD THEM IN YOURN NOTES***
Checkbook Register - Your Record of your transactions (page 2)
Note: You can access an editable version of this checkbook register here.
Bank Statement - The Bank’s Record of your transactions (page 3)
Reconciliation Worksheet - How you identify the missing transactions between the two (page 4).
Part II: Reconcile Your Checkbook
Match the Checkbook Register up with the Bank Statement.
If a transaction is in both documents → check it off in the Checkbook Register in the checkmark column.
If a transaction appears only in the Checkbook Register but NOT the Bank Statement → list that transaction in the Reconciliation Worksheet.
If a transaction appears only in the Bank Statement but NOT the Checkbook Register → add it to your Checkbook Register.
Teacher Tip: You might want to remind students that if they see a transaction like this, they should make sure it is legitimate and not a fraudulent charge!
**Print Copy in NOTEBOOK***

0

1

Which of the following methods for depositing a check requires a debit card?
A. Bank Branch
B. ATM
C. Mobile Deposit
D. All of them require a debit card

1

In addition to the written dollar amount, what other security feature is commonly found on modern checks to prevent fraud?
QR Codes
Digital Signatures
Microprinting
A Smart Chip

1

When reconciling your checkbook, what are you primarily comparing?
1 Your checkbook register to your memory
2 Your checkbook register to your online shopping history
3 Your bank statements to your credit card statements
4 Your checkbook register to your bank statements

2.03BM Classic Checking Skills

QUESTION OF THE DAY: How many checks does the average American write each year? 5 min

VIDEO: Know Your Checking Account 5 min

What are checks primarily used for today, according to the video?

Explain the security features that modern checks have to prevent fraud.

INTERACTIVE: How to Write a Check 📷8 min

Screen shot Assignment 1 here:

Screen Shot Assignment 2 here:

ARTICLE: What Is an E-Check and How Does It Work? 📷5 min

VIDEO: How to Endorse a Check

ARTICLE: How To Deposit a Check 📷11 min

What is the first step you need to take when depositing a check in person at a bank?

RTICLE: What Is a Stop Payment And How Does It Work? 📷7 min

ARTICLE: Where To Find Free Check Registers and How To Use Them 📷6 min

What is the primary purpose of using a check register?

Explain how a check register can help you identify bank mistakes or catch identity theft.

ACTIVITY: CALCULATE: Reconcile Your Checkbook 📷15 min

Which of the following methods for depositing a check requires a debit card?A. Bank BranchB. ATMC. Mobile DepositD. All of them require a debit card

In addition to the written dollar amount, what other security feature is commonly found on modern checks to prevent fraud?QR CodesDigital SignaturesMicroprintingA Smart Chip

When reconciling your checkbook, what are you primarily comparing?1 Your checkbook register to your memory2 Your checkbook register to your online shopping history3 Your bank statements to your credit card statements4 Your checkbook register to your bank statements

QUESTION OF THE DAY: How many checks does the average American write each year? 5 min

VIDEO: Know Your Checking Account 5 min

What are checks primarily used for today, according to the video?

Explain the security features that modern checks have to prevent fraud.

True or False: You instantly have access to money that you deposit into your account using a check

INTERACTIVE: How to Write a Check 📷8 min

Screen shot Assignment 1 here:

Screen Shot Assignment 2 here:

Screen shot Assignment 3 Here:

ARTICLE: What Is an E-Check and How Does It Work? 📷5 min

VIDEO: How to Endorse a Check

ARTICLE: How To Deposit a Check 📷11 min

What is the first step you need to take when depositing a check in person at a bank?

RTICLE: What Is a Stop Payment And How Does It Work? 📷7 min

ARTICLE: Where To Find Free Check Registers and How To Use Them 📷6 min

What is the primary purpose of using a check register?

Explain how a check register can help you identify bank mistakes or catch identity theft.

ACTIVITY: CALCULATE: Reconcile Your Checkbook 📷15 min

Which of the following methods for depositing a check requires a debit card?A. Bank BranchB. ATMC. Mobile DepositD. All of them require a debit card

In addition to the written dollar amount, what other security feature is commonly found on modern checks to prevent fraud?QR CodesDigital SignaturesMicroprintingA Smart Chip

When reconciling your checkbook, what are you primarily comparing?1 Your checkbook register to your memory2 Your checkbook register to your online shopping history3 Your bank statements to your credit card statements4 Your checkbook register to your bank statements

True or False: You instantly have access to money that you deposit into your account using a check

Screen shot Assignment 3 Here:

Which of the following methods for depositing a check requires a debit card?
A. Bank Branch
B. ATM
C. Mobile Deposit
D. All of them require a debit card

In addition to the written dollar amount, what other security feature is commonly found on modern checks to prevent fraud?
QR Codes
Digital Signatures
Microprinting
A Smart Chip

When reconciling your checkbook, what are you primarily comparing?
1 Your checkbook register to your memory
2 Your checkbook register to your online shopping history
3 Your bank statements to your credit card statements
4 Your checkbook register to your bank statements

Which of the following methods for depositing a check requires a debit card?
A. Bank Branch
B. ATM
C. Mobile Deposit
D. All of them require a debit card

In addition to the written dollar amount, what other security feature is commonly found on modern checks to prevent fraud?
QR Codes
Digital Signatures
Microprinting
A Smart Chip

When reconciling your checkbook, what are you primarily comparing?
1 Your checkbook register to your memory
2 Your checkbook register to your online shopping history
3 Your bank statements to your credit card statements
4 Your checkbook register to your bank statements