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Checking Accounts

This is a multi-page lesson. Make sure to click on each of the numbered pages below before marking this lesson complete.

A checking account is different from a savings account. In a savings account, you deposit your money because you won’t need it soon, and you hope to save up a bigger amount over time. A checking account is where to deposit money when you will need to spend it soon, for bills and other expenses.

You can pay bills by writing checks. A check is a piece of paper that people or companies can get cash from the money in your account. You can also get cash from your own account when you need it. You can write a check to yourself, or you can use an ATM. An ATM is short for an automated teller machine.

Click on page 2 below to continue this lesson.

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