Parts of a Check
What goes in the top right corner of a check?
Date
True or False: You should always write checks in pencil.
False - always use a pen.
True or False: You should sign blank checks.
False - never ever sign blank checks.
If you write a check for $10 and had $50 in your account, what is your new balance?
$40
True or False: People are using fewer paper checks today.
True
What is the long number at the bottom called that identifies your bank
Routing number
How should you write the amount “$15.50” on the long line?
Fifteen and 50/100 dollars
Why should you keep your checkbook in a safe place and not out in public view?
To prevent theft.
You had $100. You wrote a check for $35. How much is left?
$65
What technology is replacing many checks?
Online Banking / Apps / Digital Wallets
Where do you sign your name?
Signature line
Why should you avoid leaving blank spaces on a check?
Someone could change the amount
What should you do if your checks are stolen?
Call the bank immediately.
If you deposit $75 and then write a check for $20 what is your new balance if you started with a balance of $50?
$105 ($50 + $75 - $20)
What is an e-check?
A digital version of a paper check
What part shows who the check is written to?
What should you write in the memo line?
A note about what the check is for
Why is it important to review your bank account frequently?
To check for mistakes or fraud.
You have $200. You write checks for $75, $60, and $25. What’s left?
$40 ($200 - $75 - $60 - $25)
Why might checks still be used in the future for certain payments?
Formal/legal transactions, high-value payments, paper trail
What is the difference between the check number and the account number?
Check number identifies that specific check; account number identifies your account)
If you make a mistake on a check, what should you do?
Void the check and write a new one
What is identity theft?
When someone steals your personal or financial information.
Your balance is $150. You write a check for $200. What happens?
Predict one way checks could change in the future.
Fully digital, faster processing, integrated with apps