Balancing Your Checking Account

Balancing Your Checking Account

Read each question carefully and fill in the blanks or choose the best answer. Remember to add deposits and subtract withdrawals to balance your checking account.

1. When you put money into your checking account, it is called a  .

2. When you take money out of your checking account, it is called a  .

3. To find your new balance after a deposit, you should   the deposit amount to your old balance.

4. To find your new balance after a withdrawal, you should   the withdrawal amount from your old balance.

1. You start with $150 in your checking account. You deposit $50. What is your new balance?

2. Your current balance is $200. You withdraw $25 to buy a book. What is your new balance?

3. You have $175 in your account. You deposit $30 and then withdraw $10. What is your final balance?

1. If your checking account has $75 and you make a deposit of $25, how much money do you have now?

2. You have $300 in your account. You write a check for $75. What is your new balance?

1. A deposit makes the amount of money in your checking account go down.

2. Balancing your checking account means making sure your records match the bank's records.

Fill in the checking account register below. Start with an opening balance of $500.