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Answered 2009-04-04 15:36:32

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


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You can spend your money without having to withdraw cash first.

Most checking accounts have no fees. Savings account has more fees than checking accounts because of the higher interest yields available in a savings account.

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.

Generally a savings account pays more interest, but there are some checking accounts that offer rates that are very competitive to savings accounts.

Savings accounts usually have higher interest earning rates as the money is more stable than a checking account whose balance fluctuates with income and expenses.

Actually it is the other way round. The interest rate paid out on a savings account is generally more than that paid out on a checking account. Checking accounts offer very little or no interest at all in most countries whereas savings account offer a small interest rate.

An overdraft protection fee is a fee assessed to your account when: 1. You have set up overdraft protection for your checking account, usually in the form of a savings account or line of credit/credit card; and 2. You spend more money than you have in your checking account. Overdraft protection transfers money from the linked savings account or line of credit/credit card in order to pay for the expenses that you did not have enough money for in your checking account. There is a fee for this transfer, but it is usually much less - sometimes a savings of 50% - than an insufficient funds fee, which you receive when you spend more money than you have and do not have overdraft protection.

The exact number of checking accounts is unconfirmed, but over 200,000,000 Americans have at least one checking account. As of 2013, more than 13.5 million Americans also had a Health Savings Account. Around 7.7 percent of Americans do not have any kind of bank account.

ING is a financial services firm that provides a variety of options to its clients. Checking and Savings accounts are some of the more popular offerings of this company.

No she can't as a matter of fact without his written permission she can't even get general information about that account. This is what I found to be amazing, if this couple has a joint savings account, but the husband's name is the only one on the checking account, he is the only one that can legally transfer money from the savings account to the checking account. It also works this way if there is a joint checking account and money needs to be transferred from the joint checking account, to the savings account with only the husband's name on it, he is the only one that can move money from one account to the other. I am a bank manager and I know this is more information than you asked for, but when I have to explain this to couples, it often leads to a very heated discussion between them in my office. I live in Virginia and I can only answer for Virginia. I hope you found this answer helpful.

A creditor can put an attachment on a joint savings or checking account in NY. When an account is held jointly with another individual, the creditor does not know who contributes more to the account and secures the account as an asset.

Usually, most checking accounts don't pay interest at all or if they do, a very high minimum balance is needed. Usually when it is available, savings does have more interest paid, but not a significant amount more. Because checking accounts are made to be used, interest is often lower. Savings, and variations of it, tend to be higher because it is not often.

A core banking solution is a combination of one or more services that are focused on meeting the current (and future) needs of an individual or company. For example, the most basic "core banking solution" used with individuals combines the following elements: * Checking Account * Savings Account * Debit/ATM Card linked to the Checking Account The most basic "core banking solution" used with business combines the following elements: * Corporate Checking Account * Corporate Savings Account * Corporate Debit/ATM Card linked to the Checking Account * Corporate Credit Card(s)

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

An account that has two or more owners.

A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.

It does not really matter how much money you put in a savings account. The more you put, the more interest adds to the amount. You can add money to the account at any time.

Ideally you should have one of each. Checking give you more access to your money, but do not pay usually pay interest. Saving accounts are designed for people to have an easy place to store the money they do not plan on spending immediately. Savings accounts tend to earn small amounts of interest. It is actually better to invest money you are not planning on spending anytime soon to make more money

Opening A Savings AccountGenerally if a bank uses chexsystems, they will use it to open a savings as well. Sometimes a credit union will open a savings account if you are on chexsystems as long as you are eligible for a membership even if they will not open a checking. Some banks and credit unions do not verify savings accounts through chexsystems so it really depends on the bank or credit union .Right now ING direct is an excellent place if you are looking for a savings ONLY. They will not run chexsystems.related question for more helpAre_there_any_banks_that_do_not_use_Telecheck_or_Chexsystems

Yes, you can get a free online checking account if you deposit more than 1000 dollars

A company open a business savings account because it makes transaction and payment much easier. You can read more at

Capital Bank has many programs to get started in the banking world. They offer basic free checking and savings accounts. They also offer more advanced savings and investing accounts once your starting account has grown.

A current account is an account used predominantly by businessmen. There usually a higher number of transactions that are allowed in a current account when compared to savings account and it also earns much lesser interest than a savings account. Savings accounts are much more common in India than current accounts.

Usually because it is costing the bank more to service the account than they are earning on the money deposited * Savings account with a low balance or too many transactions. * Checking account frequently overdrawn. * Loan with late payments (but they want this one paid off and then closed).

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