Bank Account Documents

1
Bank Account Documents

• Principles of Business
• 7.05

2
What You Will Learn To Do

• Opening a personal checking/savings account
• Making a bank deposit
• Withdrawing funds
• Writing and endorsing checks
• Maintaining a check register
• Reconciling a bank statement

3
Signature Card
ACCOUNT _______   AUTHORIZED SIGNATURE
FOR   NAME _____________________________________
_   ADDRESS ___________________________________  
TELEPHONE ________________________________   SI
GNATURE _________________________________  
DATE _______________________________________

• Each authorized user of the account must complete
  a signature card.
• The name of the card should be the signature used
  on all account transactions.
• This helps detect unauthorized use of the account.

4
Deposit Slip
5
To fill out a deposit slip

• A deposit slip must accompany each deposit.
• The depositors name, account number, and the
  date must be on the deposit slip.
• Currency, coins and checks must be listed
  separately.
• Checks should be identified by the ABA number.
• The total must be written.

6
Withdrawal Slip/Savings

• Form must contain
• Date
• Account Number
• Amount Withdrawn
• Signature of the account holder

7
Check Registers

• The check register should be completed before
  writing the check so you dont forget to record
  the check.

8
Check Registers

• Record the check number and the date.
• Record the payees name and the purpose of the
  check.
• Enter the amount of the payment or withdrawal
  (ATM) OR enter the amount of the deposit.
• Record the new balance
• Subtract checks and withdrawals from the previous
  balance.
• Add deposits to the previous balance.

9
Writing Checks




1-19 BESTS BURGERS No. 1
1942 321 Main Street Hayes NC
23422-9321 Date _________________20________  
PAY TO THE ORDER OF ____________________________
_________________________________________
____________   ___________________________________
__________________________________________________
_DOLLARS   PEOPLES BANK 400 Jefferson
Street Hayes, NC 23422-0400 _______________
_________________________ 1914110197
2321233
10
Writing Checks

• Checks should be written legibly in blue or black
  ink.
• Always sign checks exactly as you signed the
  signature card.
• Always complete the check register before writing
  the check.

11
Endorsements

• Endorsements allow the payee to cash the check,
  deposit the check, or transfer payment of the
  check to someone else.
• Endorsements are proof that the payee cashed the
  check or transferred payment to someone else.
• The endorser guarantees payment of the check if
  the new owner of the check cannot collect payment.

12
Blank Endorsement

• Consists of endorsers name only
• Anyone who has a check with a blank endorsement
  may cash it.

13
Special or Full Endorsement

• Transfers payment of a check to someone else
• Can be used to make payment on a debt
• Juan Delgado is the payee on this check
• Maria Fernandez receives payment

14
Restrictive Endorsement

• Limits use of the check so it can be deposited
  only to endorsers account.
• Safest type of endorsement as it cannot be cashed
  by a thief or someone who finds the check.
• Safest endorsement to use when mailing a check
  for deposit or when using the ATM for deposit.

15
Bank Statement
16
Bank Statement

• When the bank statement arrives, compare the
  canceled checks listed on the statement with your
  checkbook register to determine which checks are
  outstanding.
• Also check the bank statement for any deposits
  which may be outstanding.
• Check for ATM withdrawals which you might not
  have recorded.
• Determine if you were charged a service charge or
  if you earned interest on your account.