What happens to my when I give it to the bank?
Now that you have an account, when someone gives you money or a check, you can take it to the bank and place it in your savings account. This is called making a “deposit.”
- To make a deposit, you will fill out a “deposit” slip and give it to the bank teller.
- A deposit slip is a piece of paper that tells the bank who you are, what your account number is, and how much money you are giving them.
This money is still yours, even though you leave it at the bank!
Sometimes after you’ve saved your money, you want to get some of it back, maybe to buy something….