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WealthWise Kids

Grades 3–5Ages 8–11 · Unit 2.3 · The Saving System

What is a bank account? A free worksheet for grades 3–5.

Money kept in a sock is not safe and does not grow. This sheet gives five ordinary jobs money has to do and asks which place each one belongs: a savings account, a checking account, or cash in a pocket.

Download the PDF ↓One page · with answers · 20–25 minutes

No account. No email. Nothing collected about your child.

Preview of the What Is a Bank Account? worksheet

What is on the page

  • Five everyday money jobs to sort
  • Three places money can live
  • A closing question on which account you would open
  • An answer page, including the two rows that are genuinely arguable

What it teaches

  • What a savings account and a checking account are each for
  • That money left alone can earn a little
  • Matching the tool to the job

How to run it

The sentence to land is: checking is for money that is moving, savings is for money that is staying. Two rows are arguable — a debit card works at a school fair — so accept any answer with a reason attached.

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Where it comes from

Unit 2.3 · The Saving System of a 266-lesson curriculum.

This sheet is one activity, unchanged, from Financial Foundations™. Teachers can run a free five-week pilot with one class. Families can take the Family Edition home.

For my class ›For my family