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16 Free Banking Worksheets PDF (Teach Kids how to Use Banks)

Does your child or teen have basic banking skills? No worries if not – these banking worksheets PDFs will help.

Kids and teens need to be able to use banking products as adults, even before moving out of the “the nest” for good.

mother smiling at child who is putting money into a wallet, text overlay "16 free worksheets to teach kids banking"

I mean, how else will they do things like:

  • Direct deposit their paychecks
  • Pay their landlord
  • Put a down payment on a car
  • Buy textbooks
  • Etc.

That’s why I’m sharing some great, free banking worksheets PDFs that will help kids and teens learn about the banking world to help them with teen money management, kid money management, and as a young adult.

Psst: don’t shy away from taking kids and teens to an actual bank to perform “normal” banking functions. Also, clue them into the world of online and app-based banking by showing them how you do things like direct deposit a check on your mobile banking app, order checks online, etc.

Banking Skills Worksheets

Kids and teens need to learn some fundamental banking skills in order to use a bank as a young adult.

Things like:

  • How to write a check
  • How to deposit money
  • How to insure their money at the bank
  • Etc.

Find all of that, and more, below.

1. TD’s How to Write a Check

Suggested Age: 4-5 grades

Use this lesson plan and worksheet to teach kids how to write a check. Very important banking life skill!

2. TD’s How to Balance a Checkbook

Suggested Age: 6-8 grades

Use this TD lesson plan and worksheet to teach students how to balance a checkbook. They’ll then be given a case study of someone’s spending, and need to balance that person’s checkbook with the provided worksheet.

3. Introduction to Earning Interest

Suggested Age: Middle School

This lesson plan includes worksheets and guidance on how to teach students all about interest at banks.

Including:

  • Compounding daily vs. monthly vs. quarterly vs. annually (makes a big difference!)
  • Calculating APR
  • Calculating APY
  • Interest rate vocabulary
  • Etc.

4. Beware Banking Fees

Suggested Age: Not given

Let’s face it: banks have a lot of various fees that are sometimes hard to understand.

In this lesson, students will:

  • Identify common bank fees
  • Understand what overdraft protection is and how overdraft fees can impact your finances
  • Learn about mobile banking alerts
  • Etc.

5. Understanding Banking Transactions

Suggested Age: 12-16 years

There are actually two worksheets and lesson plans on this page that are helpful (and free):

  • Understanding Banking Transactions
  • Reading a Bank Statement

Banking Basics Worksheets

Why do banks exist? Why should a student get a bank account? What kinds of things can be done at the bank?

Some banking basic skills include:

  • Comparing one bank product to another
  • Shopping around for a good interest rate (either to earn, or for a loan)
  • Differences between a bank account and a credit union
  • FDIC insurance, and what it means
  • Etc.

All of these and more, can be taught with these free banking basics worksheets.

Psst: pair these banking worksheets pdfs with over 50 banking activities for kids.

1. Econlowdown’s Banking Basics Worksheet

Suggested Age: Middle School

Here’s a simple banking lesson about banking basics, such as why a student should get a bank account, differences between a bank and a credit union, bank insurance protection, etc.

Then, it gives a quiz plus a teacher’s answer key to use with your class.

Hint: you’ll need to register to get an account here, but it’s free, and there’s loads of other free financial literacy lessons and resources available (including personal finance lessons in Spanish).

2. Scholastic’s Interest and Bank Accounts

Suggested Age: 6-8 grades

Students will learn:

  • Differences between accounts (certificates of deposit, checking, and savings accounts)
  • Difference between simple and compound interest, and how to calculate them both

3. Financial Institutions – All the Same?

Suggested Age: 9-12 grade

What’s the difference between a bank and a credit union? What kind of services do banks provide? What is FDIC insurance?

Your students will learn all of this, and more, with this set of videos, teacher guide, and banking worksheets.

4. Dallas Fed’s Put It in the Bank

Suggested Age: Not given

Here’s a robust lesson plan all around banks – including a PowerPoint presentation, handouts, and more.

You’ll begin by discussing why putting money under a mattress is different and not as good as saving money in a bank account.

Students will also learn:

  • How interest is earned
  • The Rule of 72 when it comes to doubling your money
  • Earning simple vs. compound interest
  • Comparing bank accounts to find the best one

Worksheets include:

  • Bank Comparison Chart
  • Bank Reconciliation
  • Interest Rates and the Rule of 72

5. FDIC’s Money Smart Worksheet

Suggested Age: 9-12 grades

Under Lesson 5, you’ll find a worksheet all about the various banking options teens can choose from.

They’ll learn things like:

  • Difference between a checking and savings account
  • Importance of using an account that is federally insured
  • Protecting your personal information
  • Analyze different banks to choose the best one

6. CFPB Virtual Currencies Worksheet

Suggested Age: 13-19 years

Whether or not virtual currencies (like bitcoin) will be around by the time your child is an adult is too hard to tell.

But, when talking about banking nowadays, it’s best to include this interesting chapter.

In this activity, students will read through an excerpt about virtual currencies (to be honest, I learned a bunch myself reading through it!), then answer questions about what they read through the worksheet.

7. Practical Money Skill’s Banking Services

Suggested Age: 7-8 grades

Use this teacher’s guide, set of worksheets, and PowerPoint presentation to teach kids the basics about banking.

Things like:

  • How to shop around for the right bank and banking services
  • Read and understand a checking account statement
  • How to write a check
  • How to reconcile spending with your checking register
  • Etc.

8. Managing a Bank Account

Suggested Age: Not given

Students will learn the difference between using a check, a debit card, and the atm, will work on balancing a checkbook, and looking over a bank statement.

Banking Vocabulary Worksheets

Looking for simple banking vocabulary worksheets to kick-start your students’ understanding of financial institutions?

Like, what is compound interest, what is a bank statement, APY vs. APR, etc.?

Here you go.

1. Finding Financial Services

Suggested Age: Not given

This set of banking sheets includes a review of some common bank vocabulary terms, and a worksheet to go along with it.

A teacher presentation and teacher guide are included.

2. Banking Basics Worksheet

Suggested Age: Not given

You can download a free lesson plan that includes a banking vocabulary worksheet with definitions for phrases like:

  • Minimum Balance Fees
  • ATM Service Charge
  • Overdraft Protection
  • Pay Yourself First
  • Insufficient Funds
  • Etc.

3. Money Mentors Vocabulary Worksheet

Suggested Age: Not given

Unfortunately, I couldn’t find a link to this from their website, but this is the free PDF banking vocabulary worksheet that includes an answer key.

Vocab words include banking things like:

  • Banking Transaction
  • Banking Fee
  • Savings Account
  • Simple Interest
  • Monthly Fee
  • Debit Card
  • Etc.

Great basics to get your students started.

Pair any of these banking worksheets PDFs with actual banking actions in real life, and you've got a recipe for teaching students and kids banking financial literacy (before they can really mess things up).

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Amanda L. Grossman is a Certified Financial Education Instructor, a 2017 Plutus Foundation Grant Recipient, and founder of Money Prodigy. Amanda's kid money work has been featured on Experian, GoBankingRates, PT Money, CA.gov, Rockstar Finance, the Houston Chronicle, and Colonial Life. Read more here.