Electronic check registers are like checks that are made and placed on a highly sheltered website. These online checks registers are accessed using login information that typically contains your username and a password. Other website would require one a third level piece of information to ensure the security of the account before allowing complete access. Normally, a certain number of wrongly entered information will lock your account. Online check registers are ideal …

Another service offered by financial institutions such as banks and credit unions is a checking account. These  are services which enables people and individuals alike to save money and at same time withdraw money from the aforesaid financial institution. The conditions of an account vary in different banks, but generally an account holder may choose to pay loans using checks rather than cash which seemed to be the fashion in the world …

It is relevant to perform a balance of your checkbooks whenever you have time. This will prevent you from going below your maintaining balance. Monitor your monthly statements of account to identify errors that may have been entered. Be aware of where you put your checkbooks. Do not leave them unattended and in the open. Refrain from writing checks that are payable to CASH just to be on the safe side. …

This is a bank feature wherein the funds are linked to another account so that in cases where the depositor’s balance reaches below zero, the other account will be able to cover up the negative. That way, you will avoid bouncing your checks and incurring more expensive fees. If overdrafts become excessive, your account may be closed and may affect your credit scores. Consequently, intentionally writing checks with insufficient funds is considered …

Checks – Upon opening a checking account, you will be provided with a supply of checkbooks, after which you will have to order for more. An advantage of using checks is that cleared checks will serve as proofs of payment for purchases or services you have availed for. Debit cards – Also known as a check card, it is convenient for telephone and internet purchases. Just like ATMs, it also allows …

Withdrawing from a savings account may take more time. Also, there is a limit on the number of withdrawals from your savings account. It is said that these restrictions are due to mandated reserve requirements for banks to ensure available funds to fulfill their customer’s cash needs. Employers use current accounts to transfer wages. It provides the convenience of making direct payments for bills, rent and mortgages.

Secure your checkbooks and avoid leaving blank checks anywhere. Keep your Personal Identification Numbers (PINs) to yourself to avoid other people from accessing your account and to protect yourself from identity theft. Other than your PIN, it is also relevant to keep your account numbers private. Do not give it out to strangers and to people you don’t trust. Check your monthly statements to identify errors that you or the bank …

Every bank has it’s own features with regards to accounts; therefore it is important that you take note of such features.  Minimum Balance Requirement: Most of the time, banks differ with the maintaining balance that they require. Make sure to choose the amount that you can maintain every month. Going below the minimum balance will end up with you owing the bank instead. Keeping a good balance in your accounts will …

People who apply for it should not expect to gain interest rates as high as that of savings accounts. Remember that the main idea in applying for a checking account is to make funds accessible for you when you need it and not mainly on doubling or saving your money. Moreover, you should avoid issuing bouncing checks or issuing checks with insufficient funds. Doing so will put you to jail and will …

It allows individuals to gain access to their funds from anywhere and at anytime as long as modes of access such as ATMs are available. It is more convenient to carry checks or debit and ATM cards rather than large amounts of cash. It also helps you to manage your budget and somehow refrains you from accumulating credit. By having a good account balance, you are establishing a good credit score. …