7 Banking

Banks are an integral part of the financial system. This section looks at procedures such as making withdrawals and writing a cheque.

7.1 How are deposits made (manual v electronic)
Deposits can be made by physically entering a bank branch and giving the money and deposit form to a bank teller...

7.2 How to make withdrawals (cheque v electronic)
There are two ways you can withdraw money from a bank account...

7.3 How to write a cheque
Below is an example of a cheque. ASB BANK is being instructed to withdraw $123.50 from Mr and Mrs Samples' account to deposit it into The Phone Company Limited account...

7.4 What are bank statements
Basically, a bank statement shows totals of your deposits and withdrawals/debits/cheques within the last month...