Banking

Banking Basics

100

A safe place to keep your money.

Bank

200

Why use a Bank

Safety, convenience, and ability to pay bills electronically.

300

Used for everyday spending, has Debit Card

Checking

400

Earns interest over time

Savings

500

Most employers want you to use this

Direct Deposit

Preparing for Employment

100

Your paycheck goes straight into your bank account electronically

Direct Deposit

200

Why employers ask for banking info

To pay you through direct deposit

300

employment readiness

Have a valid ID.

Know your Social Security number.

Understand how to fill out tax forms (W-4)

400

Why is Savings important

Any logical answer

500

Safer for you money: Cash/Bank

Bank

Direct Deposit

100

9-digit number that identifies your bank

Routing Number

200

Your full name and address so the employer can match the form to your payroll record

Employee Information

300

Your unique number for your checking or savings account

Account Number

400

Indicate whether the account is Checking or Savings.

Account Type

500

Confirms you authorize your employer to deposit funds into your account

Signature and Date