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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

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

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