Using Your Checking Account

Writing Checks

  • When writing a check, you should always use a pen.
  • Always write your checks so everyone can read them.
  • If a mistake is made, write VOID over the face of the check.
  • Make sure funds are sufficient before writing a check.

Paying Bills Online

  • Paying bills online is safer than writing a check and sending it through the mail.
  • You can register on business website to pay your bills.
  • Registering will require your routing number and checking account number.
  • You can let the business take automatic payments out of your paycheck.
  • The second option is paying bills at your own bank.
  • You have to first register at the bank's website.
  • Receive your own personal identification number (PIN) or password for your checking account.

Making Deposits

  • Every time you deposit money into your account, you should fill out a deposit slip
  • To prepare a deposit slip, there are a few directions
  1. Insert transaction date
  2. In the "Cash" section, fill in the amount of money and coins in which you are depositing.
  3. Make sure to know your account number and the amount of the check written.
  4. Total the currency, coin, and check amounts. Write it on the "Subtotal" line.
  5. When you want to get some cash when you make your deposit, fill in the amount you wish to receive on the "Less Cash Received" line.
  6. If you get cash, subtract it from the subtotal. Write that amount on the "Net Deposit" line.
  7. If you receive cash, sign your name on the designated line.
  8. Keep the copy of the receipt that the teller gives you as proof of the deposit.

Using a Checkbook Register

  1. Write the current amount in your account at the top of the "Balance" column.
  2. Record the transaction in your checkbook register as soon as you write a check to pay a bill or make a deposit.
  3. Write the check number in the first column.
  4. The transaction isn't a check. Make up a code to represent what type of transaction it is.
  5. Write the month, day, and year in the "Date" Column.
  6. If the transaction reduces your balance, write the amount in the "Payment/Debit" column. If it adds to your balance, write the amount in the "Deposit/Credit" column.
  7. Some banks charge for each written check.
  8. Add the check amount to the check fee and write the result in the "Balance" column.
  9. For a deposit, write the amount in the "Balance" column. If it is a debit transaction, subtract it from the previous balance. Write the new balance on the next line, still in the "Balance" column.
  10. The column headed by a check mark is used for checking each transaction when it appears on your monthly bank statement.