Intro to Checking

Intro to Checking - How to Use and Manage Your Money

Checking accounts are your money’s home base.

They help you spend, save, and move money in a safe and smart way. No more stuffing cash in your sock drawer—checking accounts make it easier to handle your money.

If a savings account is a place to store your money and watch it grow, then a checking account is where your money hangs out for spending. Whether you’re grabbing a snack after school or saving up for concert tickets, a checking account helps you use your money wisely and securely.

What is a Checking Account?

A checking account is a type of bank account that helps you manage your money for everyday use. You can add money (called a deposit) and take money out when you need it (called a withdrawal).

It’s like your money’s hangout spot—safe, secure, and ready when you need it.

With a checking account, you can:

  • Pay for things in-store or online with a debit card
  • Use a mobile app or website to keep track of your spending
  • Move money to a savings account
  • Get money from direct deposit (like paychecks or allowance)
  • Transfer extra money to your savings account (the GOAL)
  • Pay bills
Regularly check your account to catch errors and prevent fraud.

Opening a Checking Account

To open a checking account, you’ll usually need a parent or guardian if you're under 18. Here's the scoop:

  • You and your parent/guardian will both have your names on the account.
  • You can both put money in and take money out.
  • You’ll get a monthly statement that shows all the activity—what went in, what came out, and when.

At NBT Bank: You can open a savings account at any age.

For checking, you’ll need to meet some age requirements.

Ask your grown-up or visit a nearby NBT Bank branch to find out more

Money Tip: Keep your savings and spending separate.

Use your checking account for money you plan to spend, and your savings account for money you want to save.

How to Use Your Checking Account

Once your account is open, here’s how you can start using it:

Put money in (deposit):

  • Get paid through direct deposit (like from a job or allowance)
  • Use mobile check deposit with your bank’s app
  • Stop by a bank branch to deposit cash or checks

Spend money (withdraw):

  • Use your debit card to shop online or in stores
  • Withdraw cash from an ATM (but watch out for fees!)

Keep track:

  • Use a banking app to check your balance anytime
  • Review your monthly statement to see where your money went

Using your account responsibly helps you build smart money habits—and gives you more control over your cash!

Pro Tip: Ask yourself - Do I really need this before I swipe, tap or click buy?

Set a spending limit so you don’t run out of cash – and still have enough left for your next pizza run.

Ready to Use Your Checking Account?

Practice writing a check, filling out a deposit slip, and matching key checking terms.

This is your warm-up before the real thing!

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