this means that you will always know how much money you have and kn ow how much you can spend.
We can do it
Keep most of your savings in your checking account
A savings account is a very good account to open up if an individual would like to start saving money. It allows extra saved money to be transferred from the checking account to the savings account.
A checking account is one of the basic types of bank accounts available to customers.Having a checking account is good because:You can save your surplus cash in the account for your future needsYou get an ATM/Debit card that you can use for shoppingYou get a check book that you can use to pay off people money that you owe them
The most prevalent fees that can be avoided through good record keeping are overdraft fees. By keeping track of checks you've written and electronic debits you have authorized, you can be sure that your checking account still has money after all the transactions are processed. In this way, you are not charged an overdraft fee because your account is never "in the red"- avoid a negative balance and you won't get charged the fee.Many checking accounts charge monthly fees, but some accounts waive the fee if you maintain a certain balance. By keeping good track of your balance, you will know whether you will be charged the monthly fee or not before your statement comes in.
yes the account is good for all students in need of checking services. It is a free account.
The purpose of a checking account statement, or any type of account statement for that matter, is to keep track of your account and make sure that no fraudulent activity is happening without your knowledge. Better to be safe than sorry!
You can spend your money without having to withdraw cash first.
While a checking and savings account may factor into the decision whether or not to grant you a credit card, a much larger factor would be whether or not you have established other credit accounts.
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.
a good service provided.
I would recommend not getting a checking account for your child until they are older. A good age to think about this would be around 16 or 17 years of age.
because Philipino Banks are neither safe nor do they have a good track record