What are other benefits of checking accounts?
- 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 will be lower.
- It helps you budget your money and if you keep a good account balance, your credit score will improve.
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