• financial accounts that are wired for day to day cash deposit /withdrawals access money using: debit card, online transfer

• Keep money in short - medium term

• directly deposit your money into your own account building blocks to manage your money

• Checking VS.Savings

  • personal Checks

  • a Debit or ATM card-probably to access yar money in your account more often than checks.

  • lower interest rate then checks savings.

• common fees.

  • monthly maintenance Fees.

    • high as $15 per month

  • Keeping balance, setting up direct deposit

  • read fine print

• Overdraft Fees.

  • charged when spending more than what's in the accent

  • around $35 at larger bank as a fee

• how to choose

  • Low/no Fees (best won't charge fees or minimum/no interest)

  • check for a broad ATM networking (don't get charged)

  • interest rates (checking accounts » low/no interest rate)

  • bonuses (will give you money for opening a checking account)

  • Credit Union, online banks higher interest rate

• 

Checking and savings accounts are linked