Balancing Your Checking Account
A worksheet for 6th graders to practice balancing a checking account, including deposits, withdrawals, and calculating balances.
Includes
Standards
Topics
Balancing Your Checking Account
Name:
Date:
Score:
Read each question carefully and follow the instructions to balance the 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. A deposit will your account balance.
4. A withdrawal will your account balance.
5. You start with $150 in your checking account. You deposit $75. What is your new balance?
6. Your checking account has a balance of $320. You write a check for $45. What is your new balance?
7. If your account balance is $200 and you make a withdrawal of $50, what will be your new balance?
$150
$250
$50
$200
8. Which of the following is an example of a deposit?
Paying for groceries with a debit card
Withdrawing cash from an ATM
Receiving your paycheck and putting it in your account
Paying your phone bill online
Fill in the missing balances for the following checking account transactions.
Date
Transaction
Amount
Balance
1/1
Starting Balance
$100.00
1/5
Deposit
$50.00
1/8
Withdrawal (Groceries)
$30.00
1/12
Deposit (Gift)
$25.00
9. An overdraft occurs when you spend more money than you have in your account.
True
False
10. Keeping a good record of your transactions helps you balance your checking account.
True
False