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Checking account basics


Students read a handout to learn about opening a bank or credit union account and then simulate asking a bank or credit union representative questions to determine if the account is for them.

Big idea

A checking account can be a useful tool for managing finances.

Essential questions

  • What is a checking account?
  • How do you determine if a checking account is a good fit for your needs and your situation?


  • Understand basic information about checking accounts
  • Use a checklist to help prepare to open a checking account and determine if the account is right for you

What students will do

  • Read a text with basic information about checking accounts.
  • Answer basic comprehension questions.
  • Engage in a simulation activity about meeting with a bank or credit union representative to open an account at that institution.
  • Reflect on how they might use a checking account in the future.

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Teacher guide


Student materials


Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.

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