HOME          MONEY MANAGEMENT FOR COLLEGE          HANDLING YOUR MONEY          RESOURCES          ACKNOWLEDGMENTS
   HANDLING YOUR MONEY

Tools to Use
Budgets and Spending Plans
Know Your Paycheck
Checking Accounts
Savings Accounts
Credit Cards
Wants vs. Needs
Invest in Yourself
Financial Goals
Careers

 

INTRO TO CHECKING ACCOUNTS

For successful checking account management, keep the following in mind:

  • Protect your checks just like you would cash. Identity theft is rampant, and people can steal your checks, forge your signature, and use up every penny in your account by cashing one of your checks.

  • Checks are numbered, so you can keep track of each one.

  • Record all information about your purchases with checks or debit cards—date, merchant, and amount—in your checkbook register.

  • Use the "memo" line at the bottom of each check to record what you bought.

  • If you lose your checks or think someone has stolen them, call your bank immediately.

  • Be sure to reconcile your checkbook as soon as you receive your statement; verify each cancelled check to make sure it's the same as the amount you recorded. If anything is different, notify your bank immediately.

  • If you bank online and don't get paper statements or your cancelled checks, double-check to make sure the figures are right as soon as you know your banking cycle.

  • Keep your ATM and debit card receipts to check against your bank statement.

If you haven't had a checking account before or if you have questions about your account, ask someone at your bank to help.

Here are Other Areas to Link to:

FINDING THE RIGHT ACCOUNT

Return to Top       
    HOME          MONEY MANAGEMENT FOR COLLEGE          HANDLING YOUR MONEY           RESOURCES          ACKNOWLEDGMENTS