Copyright © 2011 Delmar, Cengage Learning. ALL RIGHTS RESERVED. Chapter 32 Oxygenation.
Copyright ©2012 Delmar, Cengage Learning. All rights reserved. Chapter 19 Banking Procedures.
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Transcript of Copyright ©2012 Delmar, Cengage Learning. All rights reserved. Chapter 19 Banking Procedures.
![Page 1: Copyright ©2012 Delmar, Cengage Learning. All rights reserved. Chapter 19 Banking Procedures.](https://reader036.fdocuments.us/reader036/viewer/2022081504/5697c0261a28abf838cd5cbb/html5/thumbnails/1.jpg)
Copyright ©2012 Delmar, Cengage Learning. All rights reserved.
Chapter 19
Banking Procedures
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Copyright ©2012 Delmar, Cengage Learning. All rights reserved.
Banking
• Online banking• Mobile banking• Automated teller
machines (ATM)• Telephone banking• Mail banking
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Copyright ©2012 Delmar, Cengage Learning. All rights reserved.
Bank Accounts
• Checking• Savings• Overdraft checking• Special checking
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Copyright ©2012 Delmar, Cengage Learning. All rights reserved.
Currency
• Paper bills and coins
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Copyright ©2012 Delmar, Cengage Learning. All rights reserved.
Types of Checks
• Cashier’s• Certified• Electronic• Limited check• Money order
• Postdated check• Stale check• Traveler’s check• Voucher check
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Copyright ©2012 Delmar, Cengage Learning. All rights reserved.
Check Components
• Date• Words of negotiability• Payee• Numeric amount• Written amount• Financial institution• Signature
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Copyright ©2012 Delmar, Cengage Learning. All rights reserved.
Check Endorsement
• Blank endorsement– Signature only– Should not be used until check is about to be
cashed• Restrictive endorsement
– Used to endorse checks as they are received– “Pay to the order of”
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Copyright ©2012 Delmar, Cengage Learning. All rights reserved.
Accepting Checks
• Do not accept:– Third party checks– Checks marked “paid in full”– Money order with more than one endorsement
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Copyright ©2012 Delmar, Cengage Learning. All rights reserved.
Common Check Writing Errors
• Written and numeric amounts do not match• Wrong date• Unsigned checks• Signature does not match• Alterations or modifications
© 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
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Copyright ©2012 Delmar, Cengage Learning. All rights reserved.
Preparing Checks
• Must have five essential factors– Date– Payee– Numeric and written amounts– Payer signature
• Must fill out check register
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Copyright ©2012 Delmar, Cengage Learning. All rights reserved.
Bank Deposits
• Sort and total currency• Sort and enter checks• Prepare the deposit slip
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Copyright ©2012 Delmar, Cengage Learning. All rights reserved.
Preparing the Deposit Slip
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Copyright ©2012 Delmar, Cengage Learning. All rights reserved.
Bank Statements
• Provide a summary of financial transactions over a period of time
• Mailed or emailed to account holder monthly• Reconcile the bank statement each month