What is the diffrence between a checking and saving account?

Answer 1

CHECKING YOU GET A CHECKBOOK AND AN ATM CARD .... MORE FOR EVERYDAY USAGE ... SAVINGS ACCOUNTS YOU HAVE TO GO TO THE BANK TO WITHDRAWL MONEY AND SOMETIMES YOU CAN ONLY MAKE A CERTAIN AMOUNT OF WITHDRAWLS A MONTH OR THEY WILL CHARGE YOU A FEE ..... SAVINGS WOULD BE A 'RAINY DAY FUND' AND CHECKING WOULD BE FOR EVERYDAY FUND =)
YOU CAN CALL A LOCAL BANK AND ASK TO SPEAK WITH SOMEONE WHO CAN ANSWER A FEW QUESTIONS ... JUST ASK THEM WHAT YOU NEED TO KNOW =)

XOXO
EMILY

Answer 2

Checking account is typically for writing checks against in order to pay bills, buy groceries, etc. It is the active account.

Savings account is just that. For saving money in a bank that pays you interest on the savings balance.

Answer 3

You can write checks on a checking account and this account usually has very little interest. A savings account will give you a better rate of interest and is for saving for a certain period of time.

Answer 4

A checking account is an account which you would be able to write exams so as to pay for issues you additionally can get a debit card which suits like a mastercard different than the money comes out of your account. A fee reductions account you place money in and it accrues activity. you are able to desire to withdraw money from this on the economic company. Your money is somewhat much less attainable to you.

Answer 5

Savings acct. you get interest earned, checking acct. is more convenient you don't have to carry cash you pay your bills with checks or use a debit card same as cash.You can have both savings and checking.Savings to save money and checking for all of your transactions.

Answer 6

Checking is more for an every day use type of thing while savings is something you want for long term goals and stuff,like money you don't touch.