Introduction to a Bank Check for Kids and Teens
This video explains the concept of checks in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about a check (or cheque), or used as a money & personal finance resource by parents and teachers as part of a Financial Literacy course or K-12 curriculum.
Suitable for students from grade levels:
- Elementary School
- Middle School
- High School
The topics covered are:
- What is a check (or cheque)
- Who can write one
- Where does the money for the check come from
- How long does it take for the money to transfer from one account to another
- Can you write a check to yourself
- Where can you get checks from
- How to write a check
- What if you write a check and there isn’t adequate money available in the bank account
I heard that someone made a check for a lot of money. But…
What is a check, anyway?
Well, a check is a special kind of paper that you can use to pay money to someone else.
Who can write a check?
But, does the money come from the checking account?
Yes, it does. Very good question.
How long does it take for a person to get the money?
Well, usually it takes 2 to 3 days, so it’s not immediate.
Okay, but can I write a check to myself?
Yes, you can write a check to yourself. You can use that for taking money out of your account, if you’re not using an ATM, or Automated Teller Machine. Only in this case, you get the money immediately.
But where can I get the checks from, anyway?
Well, usually you can get blank checks from your bank. But you can also buy them from other sources and private companies.
Can I make my own checks?
No, that would be fraud. But you can usually customize your checks. For example, you can have a background of your choice or your address can be printed on the check.
But how do I even write a check?
Well, you just need:
- The date
- The name of the person you’re paying the money to
- The amount of money you’re paying to that person in numbers and words, and
- The most important part – your signature. Because without the signature, your check will not go through and you will not be able to pay that person.
Oh, okay, then the signature is really important!
Yes, it is very important.
Writing a check with not enough money in the account
But what happens if I write a check for more money than that’s there in my account?
And one more thing, Sooper Cooper. Remember, finance is your friend!
Note: ‘Cheque’ is another commonly used spelling for a bank check.
Do you use checks? Or you use other modes of payment, like online transfers?
Let us know in the comments below!
Video Featured in the Below Financial Literacy Course for Kids & Teens
Download Transcript: Ideal for Use by Teachers in their Lesson Plan to Teach Kids & Teens
Podcast: What is a Check (or Cheque)?
Everything about a checking account: what is a checking account, do you make any money – like interest – from a checking account, why should you have a checking account – the advantages, how many checking accounts can you have, can you move money from one checking account to another, who needs to have a checking account, how can you open a checking account, what are the fees and charges, and more.
Show notes and transcript at: What is a Checking Account?Everything about a checking account: what is a checking account, do you make any money – like interest – from a checking account, why should you have a checking account – the advantages, how many checking accounts can you have, can you move money from one checking account to another, who needs to have a checking account, how can you open a checking account, what are the fees and charges, and more.
Show notes and transcript at: What is a Checking Account?