Banking accounts might be the most important thing in your life. After all, they are what hold your money. You may be looking into different types of bank accounts and considering opening a checking account. If you don’t know what a checking account is, or if you’re looking for more information about it, then this video is for you. In this video, you will learn all the basics about checking accounts, and that simple question you may be asking yourself, what is a checking account, will be answered.
A checking account allows you to write checks to easily transfer money between people. The money will go in and out of checking accounts, so the amount of money inside your checking account is the most you can give away.
You can use it to pay for services and goods just like paying in cash. It offers convenience, safety so you don’t have to carry cash around, and can also help you budget if you write out your checks ahead of the purchase to plan how much you will spend.