Checking Accounts

• 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