Be responsible with your checking account

Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Death of a Life Partner
Military Life

Your primary responsibility is to know how much you have in your checking account. Perhaps you have heard the term “bouncing a check.” The technical term is “overdraft” and it means you spent more than was in your account. There are often fees and charges if you bounce a check.

The following resources may assist you in understanding your responsibilities of a checking account:

Balancing your account

Protect yourself from overdraft and bounced check fees

Safe internet banking

Be mindful of bank fees

Heading Off To College Tasks

1. Managing your own money
2. Finding a place to live
3. Setting up your own banking account
4. Getting your first job
5. Using credit wisely while in school

Setting up your own banking account Subtasks

1. Select a credit union or bank
2. Establish and use a checking account
3. Be responsible with your checking account


NAPFA Consumer Education Foundation
8700 W. Bryn Mawr Ave., Suite 700N
Chicago, IL 60631
(847) 483–5400 ext. 106