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Q: Is balancing a checkbook the same thing as balancing a checking account?
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How can a person have a DDA account But no checking account?

i was wondering bout the same thing at first til i asked. it still depends on the company youre working for. i myself dont have a checking account but get my pay as direct deposit. they wire it through my savings account instead.


A person does this monthly to make sure their account is balanced?

reconcileReconcile their check book.Many people reconcile or balance their checkbooks more frequently than once a month. When they write checks, they record the transaction -- ordinarily in a second part of their checkbook, called a register. By comparing what they have spent against bank records, they are able to know accurately what their current balance is.I do all my banking and bill paying online and have for years. By doing so I write no checks ever and can go to the banks site every day and see an accurate balance of my checking/savings account. This is a good thing for me because I never was very good at balancing my check book.


Can you deposit your brothers income tax check into your own checking account?

I did the same thing and the bank did not honor the check


Opening an Online Checking Account?

The process of opening an online checking account is actually very easy. The best thing a consumer can do to be involved in the process is gather the necessary information he or she will need, as well as become informed about different online checking accounts available on the internet. Once a consumer has done the necessary research and gathered the necessary information for opening an online checking account, then he or she is fully ready to actually go ahead and open the online checking account. This article will act as an instruction guide for those choosing to open an online checking account. This article will also briefly discuss the benefits in opening an online checking account and how consumers can get the most out of such an account. First, a person will have to look at what a certain bank requires for opening an online checking account. A bank may have different levels of checking accounts, depending on a person's income and age. It is important to choose a checking account that works perfectly for one's financial needs, goals, and purposes. Another thing a person will have to do is gather the necessary documentation required for opening an online checking account. Typically, the information needed is not very extensive. Rather, a person will simply need things like identification in the form of a passport or driver's license. Sometimes, a state identification card will work fine as a form of identification. A person will also need his or her social security number ready to plug into an application for an online checking account. In addition, a person will need to list his or her career and income, as well as an address and telephone number. After gathering the necessary information, a bank will see whether or not a person is eligible to open an online checking account. Almost always, a majority of consumers are approved for opening an online checking account. It is to a bank's benefit to approve consumers for online checking accounts. After a person finds out if he or she has been approved, it is important to see what the rules governing the account are. For example, does a person need to keep a certain amount of money in the account at all times? Does a person need to pay a certain fee to keep the account open? These are all very important considerations a person must keep in mind.


What is the difference between check card debit card and credit card?

A check card and debit card are the same thing. Basically, if you already have a checking account, you would use a debit/check card the same way you would if you wrote a check. You make sure that you have the money in your checking account, scan the card at the retailer, and they will deduct that money from your checking account. A credit card is a loan. You don't necessarily need a checking account to have a credit card. When you swipe the credit card, the credit card company is paying for your purchase out of their money. In turn, they will send you a statement or invoice at the end of each month detailing how much you spent and how much you must pay. The major difference is that a credit card can lead to debt if you aren't disciplined. If you only use a check/debit card, you will never go into debt. When you run out of money in your checking account, new transactions will be declined.

Related questions

What kind of noun is checkbook?

The noun 'checkbook' is a singular, common, compound, concrete noun; a word for a thing.


How can a person have a DDA account But no checking account?

i was wondering bout the same thing at first til i asked. it still depends on the company youre working for. i myself dont have a checking account but get my pay as direct deposit. they wire it through my savings account instead.


Is there such a thing as a multi WAN with load balancing?

Yes there is such a thing as a multi WAN with load balancing. They use the load balancing to prevent the network from being overloaded.


A person does this monthly to make sure their account is balanced?

reconcileReconcile their check book.Many people reconcile or balance their checkbooks more frequently than once a month. When they write checks, they record the transaction -- ordinarily in a second part of their checkbook, called a register. By comparing what they have spent against bank records, they are able to know accurately what their current balance is.I do all my banking and bill paying online and have for years. By doing so I write no checks ever and can go to the banks site every day and see an accurate balance of my checking/savings account. This is a good thing for me because I never was very good at balancing my check book.


What is the difference between balancing piston and balancing drum in compressors?

They are the same thing.


Can you deposit your brothers income tax check into your own checking account?

I did the same thing and the bank did not honor the check


How can you make a payment in June from your checking account but use your savings account for a July payment in epay?

Unless it says otherwise* in your terms and conditions, you cannot make a payment from a savings account- there is a law concerning both number and nature of withdrawals. The best thing to do is to transfer money from your savings into checking, then schedule the payment from your checking account... * usually if it does say otherwise, then it's not a savings account. If it is, you have the one bank that is able to skip that part of the law controlling personal bank accounts.


In the ePay function how can you make a payment in June from your checking account but use your savings account for July payment?

Unless it says otherwise* in your terms and conditions, you cannot make a payment from a savings account- there is a law concerning both number and nature of withdrawals. The best thing to do is to transfer money from your savings into checking, then schedule the payment from your checking account... * usually if it does say otherwise, then it's not a savings account. If it is, you have the one bank that is able to skip that part of the law controlling personal bank accounts.


In the ePay function how can make a payment in June from your checking account but use your savings account for a July payment?

Unless it says otherwise* in your terms and conditions, you cannot make a payment from a savings account- there is a law concerning both number and nature of withdrawals. The best thing to do is to transfer money from your savings into checking, then schedule the payment from your checking account... * usually if it does say otherwise, then it's not a savings account. If it is, you have the one bank that is able to skip that part of the law controlling personal bank accounts.


In ePay function how can you make a payment in June from your checking account but use your savings account for a July payment?

Unless it says otherwise* in your terms and conditions, you cannot make a payment from a savings account- there is a law concerning both number and nature of withdrawals. The best thing to do is to transfer money from your savings into checking, then schedule the payment from your checking account... * usually if it does say otherwise, then it's not a savings account. If it is, you have the one bank that is able to skip that part of the law controlling personal bank accounts.


In the epay function how can you make a payment in June from your checking account but use savings account for a July payment?

Unless it says otherwise* in your terms and conditions, you cannot make a payment from a savings account- there is a law concerning both number and nature of withdrawals. The best thing to do is to transfer money from your savings into checking, then schedule the payment from your checking account... * usually if it does say otherwise, then it's not a savings account. If it is, you have the one bank that is able to skip that part of the law controlling personal bank accounts.


In the epay function how can you make a payment in June from your checking account but use your savings account for a July payment?

Unless it says otherwise* in your terms and conditions, you cannot make a payment from a savings account- there is a law concerning both number and nature of withdrawals. The best thing to do is to transfer money from your savings into checking, then schedule the payment from your checking account... * usually if it does say otherwise, then it's not a savings account. If it is, you have the one bank that is able to skip that part of the law controlling personal bank accounts.