Banking at JA BizTown

This is Bank of America in JA BizTown.

Two types of banking take place here.

•personal banking

•business banking

Banking at JA BizTown

Personal Banking• deposit paychecks

• make withdrawals

• open savings account

Go inside the bank to do

these things.

Banking at JA BizTown

Business Banking• take loan application

and promissory note

• make business deposits

Go to the Business

Window to do these things.

Banking at JA BizTown

Before you go to the bank for the first time, there are four things you must have ready. 1. your first deposit ticket

2. your first check for $1.50 to open a savings account

3. these two transactions are entered into your checkbook register.

4. endorsed paycheck

You complete steps 1, 2, and 3 at school.

You endorse your paycheck at JA BizTown.

Banking at JA BizTown

Step 1: Your First Deposit Ticket

first paycheck amount (salary minus taxes)

signature for $2.00 cash back

2 00Be sure to take out $2.00 in cash.

Banking at JA BizTown

CEO, Attorney, Realtor,

Insurance Agent, CPA

8 82

8 82

6 822 00

8 33

8 33

6 332 00

7 84

7 84

5 842 00

CFO All Other Workers

The right hand side of your deposit ticket should look like the picture below that matches your job.

Banking at JA BizTown

Step 2: Your First Check

001

Banking at JA BizTown

deposit 6 82 + 6 826 82

Bank of America

001 1 50 - 1 505 32

New balance always goes on gray line

New balance always goes on gray line

Step 3: Your Checkbook Register

Banking at JA BizTown

deposit 6 82

+ 6 826

82Bank of America

001 1 50

- 1 505 32

deposit 6 33

+ 6 336

33Bank of America

001 1 50

- 1 504 83

deposit 5 84

+ 5 845

84Bank of America

001 1 50

- 1 504 34

CEO, Attorney, Realtor, CPA, Insurance Agent

CFO

All Other Workers

Banking at JA BizTown

Cla

ncy

Cit

izen

Don’t forget to endorse your

paycheck!

Step 4: Endorse Your Paycheck atJA BizTown

Banking at JA BizTown

Now, you are ready to go to the bank on your first break!

In a line outside the bank, someone will double-check your work.

If everything is accurate, you will enter the bank between the center columns and wait behind the red line for an available teller.

Banking at JA BizTown

Hand the teller

• your completed deposit ticket

• your endorsed paycheck

Be ready to tell the teller if you’d like your cash back in JA BizTown dollar bills or coins.

The teller doesn’t need your checkbook.

Banking at JA BizTown

After you have deposited your first paycheck, you will visit the Savings Officer’s desk to open a savings account.

The Savings Officer’s desk is on the right wall. After you deposit your paycheck, go to the desk and give the Officer your check for $1.50 to open a savings account.

You only do this ONCE during the day on your first break.

The Savings Officer will give you a certificate to take to Wells Fargo Advisors where you may invest in stock.

Banking at JA BizTown

Where do you spend JA BizTown cash and where do you write a check?

Cash BusinessesDental Office

St. Louis Children’s Hospital

The Smokehouse Market

Warehouse

Check BusinessesAT&T

Build-A-Bear Workshop

City Hall

Just-4-U

Monsanto

Print Shop

St. Louis Sports

Banking at JA BizTown

Have fun with money and banking at JA BizTown!