Credit Cards and Checks - Na'Dasia

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Credit Cards and Checks

by Margaret Hall

Review by Na'Dasia

You can spend money without cash.  It is called using bank cards, such as credit or debit cards.  You can also use a check.  A check is like a note telling the bank to pay someone.  It is safer to use checks or bank cards to buy things.

To use a check, a person must have a checking account.  you have to give the bank some money, it is called a deposit.  When a person opens a checking account  the bank gives him or her a checkbook.  A check can be used like cash.  

When you pay by a check, there will be information that you have to fill out; your name, address, bank name, bank number, account number, check number, person receiving the money, date, amount of money, and your signature.  When using a debit card, you must have a PIN; personal identification number.  A business must pay banks a fee every time a customer uses a debit or credit card.  

Every month, the banks make a statement for each customer.  The account owners name, beginning and ending date for statement, checking account number and more will be on each statement.  The amount of money in a person's bank statement and check register should match.  

When people buy things without cash, checks and credit or debit cards, it is called a loan.

I like this book because I learned about checks and credit and debit cards.  I think this book s good for students because it can teach them about what they need to know about checks and cards.  They could learn how to earn and save.