2007-02-27 07:25:48 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
If your wallet is ever stolen, you can call and cancel your debit card quickly....if you carried your $500 paycheck in cash in your wallet you'd basically be SOL.
2007-02-27 07:34:38 · answer #1 · answered by Nasubi 7 · 0⤊ 0⤋
Its a secure place to keep your money.
You can also keep track of how much money you have and how much you spend by simply checking the balance on the account.
You get interest added to it over time.
A chequing account allows you to write cheques and avoids walking with large amounts of cash.
Savings acoounts usually have debit cards attached so you always have access to your money via ATM.
It good to set up a special savings account where you don't withsraw funds once they have been deposited. If you can save even a small amount each week/month it eveuntually adds up and the balance will always be growing.
2007-02-27 15:38:49 · answer #2 · answered by lokai1701 2 · 0⤊ 0⤋
You build credit plus you have the convenience & the security.
2007-02-27 15:33:35 · answer #3 · answered by Charles Dexter Ward 3 · 0⤊ 0⤋
You get interest on your money (pitiful as it may be), you can have direct deposit/debit, you can write checks, you can get a debit card and more.
2007-02-27 15:31:12 · answer #4 · answered by parsonsel 6 · 0⤊ 0⤋