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Thursday, June 2, 2011

Banks




Banks Are Very Important in Our Life They Hold our Money They Give us Money when we need it We Can Even make Money off of Banks The Longer you Dont Touch money the more it grows

What is a Account

when you Open a Account you Open one so you Can Put Money in it

What is a Account Statement

A Account Statement is a Statement that Lists your Recent Account information so like Any money that you have put in or taken out will be included in the statement your interest percentage and all that ETC

What is interest

Banks Give you interests To Make you leave your money in the bank the more you get the more your Money will Be Worth

Check Books

Check Books Are a Booklet that Contains Checks A Lot of times you want to pay somebody but you dont have the cash on you so you write a check to them and the money will be taken out from your account

is It a Good Idea to Have a Check Book and Keep Track of your Checks

Yes its very Important to Keep Track of Money that is going in or out Banks For the most part are trustworthy they can screw up every now and than so pay attention

ATMS

A Lot of times you Want to Get Cash And you Dont have the time to go through with the bank or the bank is not open so you go to a atm you put a card in and you can take out some cash from your bank account

Remember What you Take Out you Should put back in later on

Lets Say i Take out $100 bucks its always a good idea to put 100 back in that way if there is ever a emergency and you need to take out money you will have it there in your account

Deposit

When you Make a Deposit you Are Putting Money into your account Most Banks will make you Fill Out a Slip

Withdraw

When you Withdraw money you lose it

i Made a Mistake on a Check how do i make it void

if you Still have the Check Write on the Check Void

CD

a debt instrument issued by a bank; usually pays interest