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4.3
4.3 Lesson Plan
DISCUSSION:
Discuss these questions with your classmates or with a partner.
Online banking is relatively new. In 1994, only 100,000 households were using online banking, and by 2001 that number had increased to 19 million US homes.
What aspects of managing your account were probably more difficult before online banking was available?
How do you think people kept track of how much money was in their account on any given day?
1 5 mins
In this activity, students will be able to:
Discuss the experiences having having a debit card, checking account, or other banking accounts.
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.
What is the first step you need to take when depositing a check in person at a bank?
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?
2 10 mins
In this activity, students will be able to:
Discuss the experiences having having a debit card, checking account, or other banking accounts.
INTERACTIVE:
Interactive Check Writing
Use this online interactive to practice writing a check. Then, practice on a sample check to see if you have the skills to make a purchase with a classic check.
3 10 mins
In this activity, students will be able to:
Use this online interactive to practice writing a check. Then, briefly write down any questions you still have about check writing.
ARTICLE:
What's a Check Register and Why Do I Care?
Even though your bank account likely posts all transactions online, it’s a good idea to keep a manual check register, too. Read on to find out what this is and how it works. Then, answer the questions.
WHAT is a check register?
WHERE do you get a check register?
WHY would you want to use a check register?
HOW OFTEN should you update your check register?
HOW do you complete a check register?
Now that you know all there is to know about check registers, are you likely to use one to manage your account? Why or why not?
4 10 mins
In this activity, students will be able to:
Use this online interactive to practice writing a check. Then, briefly write down any questions you still have about check writing.
HARD COPIES NEED TO BE PRINTED
CALCULATE:
Reconcile Your Checkbook
If you track your monthly checking account transactions manually, it’s important to compare your records with those of the bank 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.
5 25mins
In this activity, students will be able to:
Learn how to complete a check register and why it’s important for understanding your cash flows
Physical checks account for what percent of all non-cash payments?
How much is the average ATM and overdraft fees for an entire year?
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