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- A bank statement is an official list of everything paid into and out of a bank account. It covers a given period, such as a month; the bank sends statements out regularly to its customers. Payments in might be shown in one column, and the payments out in another. There’s also a running total of how much money is left; this is called a balance.
roostermoney.com/what-is-a-bank-statement/What is a bank statement? For children - NatWest Rooster Money
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Explain to the class that they are going to find out about bank statements. A bank statement is a snapshot of your account when the statement was prepared. It shows a record of all payments in and out of your accounts over a certain period with dates and method of payment.
How to read and understand your bank statement. Bank statement 101, a beginners guide. This lesson is a basic overview of bank statements.
- 3 min
- 52.3K
- Money Instructor
- Banking Activities For Kids
- Banking Activities For High School Students
- How Banks Work – Teaching Banking to Elementary and Middle School Students
- How to “Normalize” Banking For Kids
- What Is A Family Banking Day?
- Different Banking Lessons to Teach Them Around This Day
- How to Start A Family Banking Day
- How to Keep Up The Family Banking Day
First up are banking activities for kids, then high school students, and finally a section on banking lesson plans.
1. Banking Fact or Fiction Game
Age Range: Grades 9-12 There are some common myths lingering around about banks and credit unions, and this game offers an opportunity to not only get your students up and moving, but to separate fact from fiction. You'll read out the statement, and then students need to walk over to one side of the room (the “fact” side), or the “fiction” side. I love how one of the first fiction statements addresses something I used to think as a kid, too: “Banks and credit unions are part of the government”.
2. Online Bank Simulator
Age Range: Grades 9-12 Students can get a great practice run of how digital banking works with this online bank simulator. It's a very detailed simulation, with each student starting with a $250 balance in both checking and savings. They then must navigate to their online bank (the simulator), check up on their balances, set up direct deposit, buy a tank of gas, pay bills, etc., and answer questions about the state of their accounts. It's a really great banking activity.
3. Banking Products and Services Card Game
Age Range: Grades 9-12 Here's a very simple card game you can play with a whole high school classroom or in groups that goes over different banking products and services.
No matter how much the banking system evolves between now and when your students are old enough to navigate it on their own, the basics will always remain the same. This section offers lesson plans that teach those banking basics, with lesson plans broken down by grade level. Turns out, banks, themselves, are great resources for creating and giving...
One of the ways to teach banking for kids is to normalize the banking process to them, such as lessons on banking careers, money recognition, and interest. I mean, up to this point, they’ve likely gotten used to putting coins and dollars into a money jar. Perhaps they keep some of their dollars in a wallet or a purse. But the bank? It’s probably ju...
Everyone needs to go to the bank, at some point. It might not be often – thank goodness for things like direct deposit! But at some point, you’ll need something. In fact, even though I haven’t been to the bank this entire year, last week I needed to go and get some business checks so I could pay my estimated quarterly taxes to the IRS. It was the p...
Doing this will naturally bring up some great teachable moments for you. I’d like to point out several ways to use these days as money lessons for your child. 1. How to Correct a Banking Mistake (and question authority, respectfully): Banking mistakes happen. And yes, I was the 13-year-old who went into a bank and showed them their mistake! Long st...
Here’s what you’ll need to do to start this tradition: 1. Schedule a Day: Choose one day a week/bi-weekly/month where everyone gets to update their banking needs by physically going to the bank or an ATM to make deposits, transfers, etc. It’s best if you put it on your calendar in your family command center so that everyone knows when they’ll need ...
It’s likely you won’t have chores to do at the bank every other week, or even every month. And that’s okay. In fact, some of your family banking days might just be you driving by and when you get close, asking if anyone has any banking needs to take care of today. If the consensus is “no”, then just keep on truckin’. I’ll give you a list of ideas f...
lesson objectives. Understand the services offered by banks, savings and loans, and credit unions. List some of the factors to consider when shopping for bank services. Understand the responsibilities of having a checking account. Write checks and keep a running balance in a checkbook.
This video explains how to read a bank statement and answer questions based on them. It also covers the meanings of credit, debit, balance, overdrawn and ove...
- 10 min
- 16.2K
- corbettmaths
Carefully review bank statements, credit card bills, and the like when you receive them. If the balance seems incorrect or you do not recognize charges, contact the bank or credit card company immediately.
In this video, we explain how to read your bank statement and understand how the bank calculates interest. We'll walk you through an example to make it clear...
- 5 min
- 16
- Great Oceania
