Lesson Plan : Banking
Teacher Name: | Carol Carmichael |
Grade: | Grade 7-8 |
Subject: | Other |
Topic: | How to open checking accounts, apply for debit cards, and perform the operations involved in having a checking account and pertinent bank documents. |
Content: | electronic banking, electronic funds transfer system, automated teller machines or atm, interest-bearing checking account, endorsements, overdraft checking, deposits, deposit slips, writing a check, check register, and reconciling a bank statement |
Goals: | 1. How to open a checking account. 2. How debit cards are used. 3. How to perform the operations involved in having a checking account. 4. Understanding and interpreting pertinent checking account documents. |
Objectives: | Checking accounts are an important record of one's financial transactions. Understanding and maintaining one's account teaches financial responsibility and that is a method of payment of money for the goods and services that we need. |
Materials: | Banking Is: Student Study Guide, National Learning Productions, Inc. Overhead transparencies Sample checks and check ledgers |
Introduction: | Explain the basic definitions, refer to where additional information can be found, and ask to see if anyone has ever used someone's atm card before. |
Development: | Open the account, make the first deposit, and make a purchase using a check or an atm card. Update the Transaction Register and calculate the account balance at each step. |
Practice: | The students will want to purchase an item costing more than is in the account. Make a deposit to the account, then use an atm or write a check for the purchase. Keep an accurate Transaction Register. |
Accommodations: | Instead of using cash money for the deposit, the teacher writes a check out payable to the student. The student endorses the check on the back, then uses that check to make a deposit. |
Checking For Understanding: | The teacher observes, answers student questions, helps students as needed during activities, and reviews accuracy and clarity of student work. |
Closure: | Refer to additional material. |
Evaluation: | |
Teacher Reflections: |
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