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Why is it important to know how to write checks?

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Checks,Deposit Slips,& Balancing Adult Responsibilities

Vocabulary:StubVoidEndorseDebitDeposit Ticket

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Stub

a portion of a check, originally a paper check, kept for record keeping purposes.

VoidWhether you've made a mistake, like writing the wrong year or wrong amount, or want to set up automatic bill payments or direct deposit, you may need to void a check.

Write the word VOID in the space where you would write the amount of the check.

Endorse

When you receive a check from someone, you must endorse it before cashing it or depositing it.

This is done by signing your name on the back of the left end of the check.

DebitWhen a bank removes money from a customer's account, typically as payment for services or goods.

Ex:"$10,000 was debited from their account"

Deposit Ticket

A deposit ticket, often called a deposit slip or receipt, is a list of currency and checks provided by the bank as proof a deposit was made.

Parts of a Check:1. Personal information 2. Payee line3. The dollar box4. The amount of your check 5. Memo line 6. Date line

7. Signature line8. Your bank’s contact information 9. Your bank’s ABA routing number10. Your account number 11. Check number 12. Your bank’s fractional number