There is always the need to have your money pout in a safe place. It is also important to have regular access to it as and when you need it. A checking account provides just this service by allowing individuals and businesses to withdraw and deposit funds as necessary from an account that is federally protected. The kind of checking …

The most important criteria in the execution of any process are planning and precision.   The best way to deal with things when you have plenty of money and different transactions related to it is to maintain separate accounts for separate transactions. If you are in business, it is particularly important to have a separate personal account besides your business accounts.  You can keep …

It is very important to have a bank account as a teenager. It might seem like a novelty at first, but it is actually a very important step in learning about financial responsibility. Opening a bank account will give teenagers a first hand lesson in being responsible and diligent with their spending. Just doling out cash whenever they ask for …

The first step involved in opening an account for your business is to obviously have a business.  Banks will definitely not allow you to start a business savings or checking account if you do not own a business. But owning a business does not mean that you need to have loads of cash or have a huge enterprise with thousands …

A checking account is very much necessary for both private individuals as well as people who are running a business. But before you open an account and start running it, you will need to ensure that you do not end up in debt. There are a few common mistakes that you can avoid at the beginning itself to save your …

A checking account is an account which allows individuals and businesses to deposit money and withdraw money from time to time. An account holder can withdraw money using checks or through automated cash machines or by cash withdrawals at the teller by filling in a withdrawal slip. A checking account allows easy access to pay your bills and most of …

Every bank offers certain services to its account holders. Usually, for opening an account a Bank will have a few initial rules like they would require some sort of identification proof of the person who intends to open an account, they will need address proof and some times they ask for some introduction from some person who already  has an …

A separate checking account for your business is very essential for a number of reasons. This is necessary if your business is entirely online or a regular real life building or office. It is very much necessary in order to keep your business and personal funds separate. It can save you a lot of time in keeping a track of …

More and more individuals from different walks of life are opting to enroll in banks to secure their finances through accounts. The logic and reason for enrolling into an account is simple such as to avoid the hassles of carrying around money. But applying and enrolling for an account would take more than simple reasons. There are too many types …

Checking accounts just like any other bank accounts should be reconciled every month. Checking account holders should personally record the financial activities in his or her account. When able to do so, checking account holders should reconcile their personal record with the records that his or her bank can come up with. Through reconciling his or her personal financial records …