0
Which of these can be used to access the money in a checking account?
Wiki User
∙ 9y ago
You can go and visit the bank to get the money. You can also use your debit card and withdraw the money.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is a checkbook?
It is a booklet used to record checking account transactions. To keep track of the amount of money in your checking account
What is a checkbook register?
It is a booklet used to record checking account transactions. To keep track of the amount of money in your checking account
A checking account is a bank account in which a person does what?
A checking account is a bank account in which a person can deposit and withdraw money, make payments, and access funds through checks, debit cards, or electronic transfers. It is primarily used for day-to-day transactions and offers easy access to funds for daily expenses.
Is it wise to combine my checking and savings account, and why?
It wouldnt be wise to combine unless you are putting money from checking into your savings. A savings account is a little more protected and shouldn't be used as a checking.
What is the difference between a savings account and a checking account?
Checking accounts are used for frequent credits (deposits) and debits (withdrawls). Whereas a savings account follows the idea of a piggy bank, where one saves a bulk of money for exceptional circumstances or goals.
How are checking accounts to be used?
money must be in the account if you are writing checks there is no loan statis here
How is a checking account different than a savings account?
A checking account is typically used for the active transfer of money, whether this is money going in (as in a paycheck) or coming out (withdrawals, purchases). Meanwhile, Savings accounts are typically used for putting money in without necessarily withdrawing money out. Savings accounts pay you interest, while few checking accounts give anything at all- in fact, many checking accounts charge a monthly maintenance fee just to use them. Of course, withdrawals and transfers from a savings account are limited by law, while checking accounts have no restrictions on the number or types of transactions.
How is checking account different than a savings account?
A checking account is typically used for the active transfer of money, whether this is money going in (as in a paycheck) or coming out (withdrawals, purchases). Meanwhile, Savings accounts are typically used for putting money in without necessarily withdrawing money out. Savings accounts pay you interest, while few checking accounts give anything at all- in fact, many checking accounts charge a monthly maintenance fee just to use them. Of course, withdrawals and transfers from a savings account are limited by law, while checking accounts have no restrictions on the number or types of transactions.
What is the term used for a negative checking account balance?
"Overdrawn" is the common term used to describe a negative checking account balance.
Why do checking accounts have interest rates?
Certain checking accounts have interest rates because they require that the customer keep a minimum balance in the account each month. This money is used by the bank to make more money.
Is it correct to say a transfer?
Yes. Transfer can be a noun or a verb, depending on how it's used. A transfer is the act of transferring something. You can buy a bus transfer when you board the bus and pay your fare. I need to make a money transfer from my checking account to my savings account. -OR- I need to transfer money from my checking to my saving account.
If you die what happens to the money in your checking account?
It becomes a part of your estate and is used to pay off any debts. If there is any money left, it will go to your heirs.
