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This is Bank of America in JA BizTown. Two types of banking take place here. personal banking

This is Bank of America in JA BizTown. Two types of banking take place here. personal banking business banking. Personal Banking deposit paychecks make withdrawals open savings account. Go inside the bank to do these things. Business Banking take loan application and promissory note

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This is Bank of America in JA BizTown. Two types of banking take place here. personal banking

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  1. This is Bank of America in JA BizTown. • Two types of banking take place here. • personal banking • business banking

  2. Personal Banking • deposit paychecks • make withdrawals • open savings account Go inside the bank to do these things.

  3. Business Banking • take loan application and promissory note • make business deposits Go to the Business Window to do these things.

  4. Before you go to the bank for the first time, there are four things you must have ready. • your first deposit ticket • your first check for $1.50 to open a savings account • these two transactions are entered into your checkbook register. • endorsed paycheck You complete steps 1, 2, and 3 at school. You endorse your paycheck at JA BizTown.

  5. Step 1: Your First Deposit Ticket first paycheck amount (salary minus taxes) Be sure to take out $2.00 in cash. 2 00 signature for $2.00 cash back

  6. The right hand side of your deposit ticket should look like the picture below that matches your job. 8 82 8 33 7 84 8 82 8 33 7 84 2 00 2 00 2 00 6 82 6 33 5 84 CEO, Attorney, Realtor, Insurance Agent, CPA CFO All Other Workers

  7. Step 2: Your First Check 001

  8. Step 3: Your Checkbook Register deposit 6 82 + 6 82 6 82 New balance always goes on gray line Bank of America 001 1 50 - 1 50 5 32 New balance always goes on gray line

  9. CEO, Attorney, Realtor, CPA, Insurance Agent deposit 6 82 + 6 82 6 82 001 Bank of America 1 50 - 1 50 5 32 deposit 6 33 + 6 33 6 33 CFO 001 Bank of America 1 50 - 1 50 4 83 deposit 5 84 + 5 84 All Other Workers 5 84 001 Bank of America 1 50 - 1 50 4 34

  10. Step 4: Endorse Your Paycheck at JA BizTown Clancy Citizen Don’t forget to endorse your paycheck!

  11. Now, you are ready to go to the bank on your first break! In a line outside the bank, someone will double-check your work. If everything is accurate, you will enter the bank between the center columns and wait behind the red line for an available teller.

  12. Hand the teller • your completed deposit ticket • your endorsed paycheck Be ready to tell the teller if you’d like your cash back in JA BizTown dollar bills or coins. The teller doesn’t need your checkbook.

  13. After you have deposited your first paycheck, you will visit the Savings Officer’s desk to open a savings account. The Savings Officer’s desk is on the right wall. After you deposit your paycheck, go to the desk and give the Officer your check for $1.50 to open a savings account. You only do this ONCE during the day on your first break. The Savings Officer will give you a certificate to take to Wells Fargo Advisors where you may invest in stock.

  14. Where do you spend JA BizTown cash and where do you write a check? Cash Businesses Dental Office St. Louis Children’s Hospital The Smokehouse Market Warehouse Check Businesses AT&T Build-A-Bear Workshop City Hall Just-4-U Monsanto Print Shop St. Louis Sports

  15. Have fun with money and banking at JA BizTown!

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