Maintaining Balance: Choose that which you are most comfortable with and which you can maintain every month, otherwise, you will be charged if you go below the maintaining balance. Overdraft protection: This bank feature links the funds to another account that will cover it in cases when you go below zero balance. It is also relevant that you ask for the overdraft interest since it is wise to choose that with …

An ATM card will allow a person to withdraw money from a machine. The machine will provide you with step-by-step procedures to assist you in your withdrawal. This will also require a PIN; therefore, it is relevant to keep in mind that you have to keep your PINs to yourself to avoid strangers from accessing your account.

Debit cards are like checks but in the form of a plastic card. You will be able to pay for your purchases through your debit card. It may also be likened to a credit card but the difference is that upon swiping your card, your payment for your purchases is deducted from your checking account, not paid on a later date. Storeowners and cashiers may ask you to enter your PINs so …

The check register is an important part of your checkbook since it allows you to keep a running balance of your funds. Record the date, check number, payee and the amount as well as the balance in your register so that you will be able to keep track of your account. After which, you now proceed to writing on your check. Print or type the numbers and words starting from the left. …

A checking account is a deposit account or a bank account that allows individuals to access their funds easily. It is also known as a current account or transactional account in other countries. Through this account, you will be able to pay your bills and other financial transactions with less hassle. All you have to do is to write up a check, or use your debit or Automated Teller Machine (ATM) cards. …

An overdraft protection is a bank feature wherein your funds are linked to another account that will transfer money to cover you in case you get to a negative. This will help prevent you from getting charged for a bouncing check. Though the bank charges a fee whenever your balance reaches a negative, it is still less expensive than the bounced check fee.

Proof of payment: Whenever you write a check to pay someone or for something, your cleared checks will be the poof of your payment. Safety and convenience: Rather than bringing loads of cash with you whenever you go out, taking your checks, ATM or debit cards will prove to be more convenient and hassle-free. Some banks provide overdraft protection in cases when your account falls below zero, that way your charges …

You can gain access to your funds by using your Automated Teller Machine (ATM) cards, debit cards, or by writing up a check. With ATM cards, you will be able to withdraw cash at any available ATM. Debit cards on the other hand are like credit cards; the difference is that with the former, your purchases are immediately deducted to your bank account while the latter is paid at a later date. …

A depositor’s main purpose for applying for a saving’s account is to store money that he may not necessarily have use for in a long-term basis. The money that he deposits in a savings account eventually earns interest, and will grow in time. A checking account on the other hand is for the purpose of placing money in a safe place but with the ease of accessing it when needed. With a …

Checking or transactional accounts, otherwise known as current accounts, are bank accounts that allow an individual to gain easy access to his funds. It is a convenient way to pay for your bills and other financial transactions.