Worksheets and No Prep Teaching Resources
Worksheets and No Prep Teaching Resources
Reading Comprehension Worksheets
How Does a Checking Account Work?



How Does a Checking Account Work?
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Print How Does a Checking Account Work? Reading Comprehension

Reading Level
     edHelper's suggested reading level:   high interest, readability grades 3 to 5
     Flesch-Kincaid grade level:   3.58

Vocabulary
     challenging words:    insufficient, swipe, convenient, automatic, paycheck, debit, withdrawal, identification, wallet, withdraw, costs, overdraft, deposit, account, several, order


How Does a Checking Account Work?
By Patti Hutchsion
  

1     You know that it is not safe to keep a lot of money lying around. It is also not safe to carry large amounts of money in your wallet. So what should you do with it? A smart thing to do is to open a checking account. But just how does a checking account work?
 
2     You can open a checking account at a bank. It's easy to do. You deposit money into your account. Then you can take it out again whenever you need to.
 
3     The money you put into your account is called a deposit. The bank will give you a special slip of paper to fill out when you make a deposit. You can put in cash. You can also put in checks from other people, like your paycheck or a check from your mom for your birthday. Once the money is in your account, you can spend it to pay bills, to buy groceries, or for other things you need.

Paragraphs 4 to 10:
For the complete story with questions: click here for printable



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