I was pretty sure I'd said what I wanted to say on this topic ...
But today, I realized how very much more there is!
I don't remember learning this stuff, so it is possible that my mother did for me what I've been doing with/for Kitty this week. But somehow, I knew how to do some of this before I had my first checking account. Maybe it's because I didn't get one until after I'd been working for a couple of years -- I always just put my money in the savings account, and got what little cash I needed.
Anyway, today we went to the bank to make a deposit. How often do you actually think about what that entails? Just in case there are any young readers out there, I'll go over it (we can be stunned at the number of steps involved).
Upon arrival at the bank, we went up to the little desk, and
1. Get a Checking (or, if appropriate, Savings) Deposit slip. Note that there is more than one kind of slip, and be sure to get the right one.
Here's a random sample of a deposit slip:
2. Fill out the slip:
a. In line number one: Enter today's date. For many of us, this requires looking at something to find out what today's date IS. Luckily, most banks have a little calendar thing on that desk, that tells you.
b. In line number 2: Enter your name in the Account Holder's Name blank - print, so it's legible.
c. Decide if you want cash back. if you DO want cash back, you'll need to sign the form on line number 7 (the line under the one on which you printed your name). If you're just putting money in, you don't actually need to sign it.
d. At the bottom of the slip, if it's one from the bank's desk, you'll need to enter your account number. If you don't know it, and you have your check book handy, you can look at your check. There are three numbers along the bottom; the first one is the Bank Routing Number (that's the one that tells other banks which bank has the money in it); the second number is your checking account number; the third number (likely to be three or four digits long) is the check number for the check you're looking at.
e. Fill in the information about what you're depositing in the spaces in section #3 in that picture above. If you're not actually depositing cash, but have a bunch of checks to deposit, you can actually put a check in that line. Otherwise, enter each check separately, putting the "cents" in the last two columns, and the dollars in the left columns.
f. Total up the amount of all the checks, in line #5, and then if you're taking out cash, put that amount in line # 6. Subtract line 6 from line 5, and enter the total amount you're depositing in the line UNDER # 6, oddly un numbered in the above picture.
3. Sign the back of any check you're depositing. -- This signature is you saying that the money represented by the check has come to you....
4. Take the check and the deposit slip up to the teller, and give them to him/her. S/he will enter the information, record the deposit in your account and give you a receipt - for it
5. If you didn't do this earlier - open your check register, and RECORD the deposit.
6. After entering the amount of the deposit -- update the balance in your register.
That all seems so intuitive to me, and yet watching Kitty face it for the first time, I realize that it isn't. That's a lot of steps for a simple action.
But now, Kitty knows how to do this! When did YOU learn?
One more step.....