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Skills Covered

  • Tell a deposit from a withdrawal
  • Know that a deposit adds and a withdrawal subtracts
  • Count coins and bills on a deposit or withdrawal slip
  • Find the new balance after a deposit or withdrawal
  • Keep a running balance in a bank record
  • Never take out more than the balance

How to Use This Pack

Five pages about putting money into a piggy bank or bank account and taking it out. Page 1 starts with a reminder (a deposit puts money in, a withdrawal takes money out): students look at four pictures with an arrow into or out of a piggy bank or bank, then read six sentences, and circle deposit or withdrawal for each. On page 2 each problem has a balance and a deposit or withdrawal slip with coins or bills: students count the money, write + or −, and find the new balance. The first problem is done as an example. Page 3 has two bank records: add each deposit, subtract each withdrawal, and write the balance on every line, then total the deposits and withdrawals. Page 4 has six two-step story problems. On page 5 students decide whether a child can take out that much money (never more than the balance), then work out a balance first and decide.

In the Classroom

Use a clear jar as a class bank and a sheet of chart paper as its record. Before page 1, put play coins in the jar and take some out while students call out "deposit" or "withdrawal". Before page 3, keep a running balance on the chart paper for a few days: write each deposit and withdrawal and let students work out the new balance. Page 5 is a good place to talk about why a bank cannot give out money that is not in the account.

At Home

If your child has a piggy bank, count what is in it together and write the balance on a card. Each time money goes in or comes out, write it down and work out the new balance. When you visit a bank or use a cash machine, point out whether you are making a deposit or a withdrawal.

Tips for Success

  • A deposit puts money in; a withdrawal takes money out
  • The balance is how much money is in the bank or piggy bank
  • A deposit adds to the balance (+); a withdrawal subtracts from it (−)
  • Count the coins or bills on a slip before you add or subtract
  • You can never take out more money than the balance

Common Core Standards Alignment

This pack supports the following Common Core State Standards for Mathematics:

  • 2.OA.A.1 Solve one- and two-step story problems with sums and differences up to 100, with the unknown in any position, using drawings and equations.
  • 2.MD.C.8 Solve story problems with pennies, nickels, dimes, quarters and dollar bills, writing amounts with the $ and ¢ signs.

© Copyright 2010. National Governors Association Center for Best Practices and Council of Chief State School Officers. All rights reserved.

Deposits and Withdrawals

2nd Grade

A 5-page deposits and withdrawals pack for 2nd grade. Look at the arrow into or out of a piggy bank or bank and read short sentences, and circle deposit or withdrawal. Count the coins or bills on a deposit or withdrawal slip, write + or − and find the new balance, then fill in the balance column of two bank records. Solve six two-step story problems, and decide whether a child can take out that much money: never more than the balance. Every page comes in color and in black and white. Answer keys included.

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What’s Included

  • 5 worksheets in color and in black and white, with answer keys (15 pages)
  • Deposit or withdrawal: pictures with arrows and sentences to read
  • New balances from deposit and withdrawal slips, with a worked example, and two bank records
  • Six two-step story problems and a page on taking out no more than the balance
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