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It isn't an absolute necessity to have a checking account, but as far as paying your monthly bills, any other way of doing it is extremely "clumsy". You cannot send cash through the mail, and getting separate money orders for every bill, every month - as I said - clumsy. You'd get sick of that in a hurry.
What else can I help you with?
Which best type of account for money you use to pay regular bills?
The best type of account for money you use to pay regular bills is a checking account.
Can you write checks or pay bills directly from an online savings account?
No, typically you cannot write checks or pay bills directly from an online savings account. You would need to transfer the funds to a checking account first to make payments.
How does a checking account work?
with a Checking account, you can withdraw money, pay bills or make a purchase easily, using checks.
Which financial institution do you need if you have bills to pay?
A BANK account.
What is the purpose of an online checking account?
An online checking account allows you to view your balance and pay bills from your account. Some banks are starting to implement systems where you take a photo of your check and send it to your online account to deposit it.
Is it safe to pay bills online using my checking account?
Paying bills online using your checking account can be safe if you take precautions like using secure websites, avoiding public Wi-Fi, and regularly monitoring your account for any unauthorized transactions.
What is Standard Checking Account?
A standard checking account at most banks is an account where a person puts money in, and then they can write checks to pay their bills or get cash. A standard checking account might have a minimum balance the account holder has to maintain, without being charged a service fee.
Do you pay taxes on your checking account?
No, you do not pay taxes on the money in your checking account.
What benefits are there in having an online checking account?
There are quite a few benefits to having an online checking account. For one, there is no need to balance your check book because all transactions are displayed in real time online. Also, one can use an online checking account to pay all monthly bills or send checks to people without have to be physically present or having to pay postage.
Can a signer on parents checking account use their money to pay their bills?
yes as long as you are a signer. Www.bank-credit-tip.info
How much can you overdraft a checking account?
my income tax return was to be deposited to my checking account but the account number was wrong so they[re rerouting it to my old address. I need to pay some bills but will have to wait until two weeks until my return comes in. My account is currently overdrawn and I need to know how much will the bank allow me to overdraw on my checking account.
Why might one need to use ING Orange?
"Assuming you are referring to ING Direct's Electric Orange is a free checking account service. It allows its users to easily pay bills, as well as link the account to an ING savings account or ING mortgage."
