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A checking account is a basic type of account where you can keep your money and use it as and when you like. Having a checking account is good because:

  1. You can save your surplus cash in the account for your future needs
  2. You get an ATM/Debit card that you can use for shopping
  3. You get a check book that you can use to pay off people money that you owe them
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โˆ™ 2011-09-24 15:43:34
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Related questions

What is needed to create a business checking account?

It is probably in your best interests, for tax purposes, to open a business checking account. To create one, it is necessary to have the capital to make having a business account necessary.


Does checking accounts pay interest?

No. Checking accounts do not pay any interest. Since the money available in your checking account is liquid cash which is used for day to day purposes and can be withdrawn multiple times banks do not offer interest on cash maintained in a checking account.


How many bank accounts should you have?

At least 3. A checking account, a savings account to link to the checking account so the bank doesn't charge you for overdraft fees and a separate savings account in a different bank just in case of emergency purposes.


Is it a US checking account or an US checking account?

A US checking Account


Is a joint checking or savings account considered part of an estate?

No. Ownership of a a joint account passes automatically to the surviving joint owner unless it can be proven that the account was set up as joint for purposes of convenience only by the decedent.


What is a checking account frequently referred to as?

A checking account is also called a transactional account or chequing account.


How is a business checking account different from a personal checking account?

A business checking account is different from a personal checking account by the minimum amount of desposit. You can read more at www.business.com › Directory › Financial Services › Banking


What is the purpose of high interest checking?

"A high interst checking account is a type of checking account that earns interest. Usually these accounts have higher interest than a regular checking account, but not as high as a savings account."


How can you get the bank route number and your checking account number?

Your bank routing number is on the left side of the checking account and the checking account is next to it.


Can collection agencies tap a personal bank account?

Yes! Creditors can garnish a personal checking account. As long as the creditor has the checking account info they can garnish a checking account.


What is the difference between a trust and a checking account?

a trust account means you trust the person that is opening the account, and a checking account means you will keep checking it to make everything is okay.


Why is a checking account better than a savings account?

cause checking account is more safe


Why is a checking account more convenient than a savings account?

It's easier to spend the money in a checking account.


What do you have to do to get a checking account?

First you have to go figure out what bank you want to get a checking account with, go to that bank, tell the person at the desk you want to open a checking account and then go on from there. You can also open a checking account over the phone or on the internet.


What is a non checking account?

A non-checking account is the account in which cheque book is not issued like for customer for getting loans


Why is a checking account more convenient is savings account?

It's easier to spend the money in a checking account.


What does signatory mean on a checking account?

Signatory means that the person who owns the checking account has signed something linked to the checking account. This could be a document or a check.


Do you have to be 18 to have a checking account?

Yes it is required by law that you are 18+ to have a checking account.


What is the average return on a checking account?

average return on a checking account is about 0.1


Diana has her paycheck deposited directly from her employers account into her checking account. This is an example of what?

Diana has her paycheck deposited directly from her employers account into her checking account. This is an example of what?


How can you open an online business checking account?

In order to open a business checking account online you first need to decide which bank you would like to have a checking account through. Then you should go to the website and follow the steps listed to open a checking account.


How old do you have to be to have a checking account?

At Chase, you can have a checking account with one of your parents if you are in high school.


What is money in a checking account called?

Money in a checking account is called demand deposit.


How much Elvis have in checking account?

Impossible to know unless you have his checking account information.


Should interst earned on a checking account be added to the checking account balance?

There is a way to earn interest on a checking accounts and can be added to the account. You will have to back through a credit union.