what do i open? a checking account? i just need one that i could put my pay checks in and have a debit card
2007-07-12 09:36:31 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Only checking accounts offer debit cards (no Money market or savings). Debit cards are operate a VISA/MC network but are NOT credit cards.
Look for a basic free checking account that does not require you to keep a minimum balance. use the on line baking to help pay bills and manage you account. Contact your local bank to find out who offers what.
2007-07-12 09:42:22 · answer #1 · answered by ? 5 · 0⤊ 0⤋
A checking account is a very good idea. Especially if you want a debit card. Try to find a bank that has a very small minimum limit balance. Some are $500 and some are more like $2000. Depending on how much you will be depositing, that is really important.
2007-07-12 16:45:55 · answer #2 · answered by prplpngn 2 · 0⤊ 0⤋
You need to open a checking account that will not allow you to have overdraft limits due to this being your first card. Example: If you have 500 dollars in the bank all you can take out or use your ATM card for is 500 dollars.
2007-07-12 16:40:59 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Generally a savings account will pay more interest, but checking accounts are nice. It really doesn't matter which type you open though. Generally a Credit Union will be better.
2007-07-12 16:40:37 · answer #4 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
open a checking account, but also open a savings account and put something in there every time you make any money, even if its only $5.
2007-07-12 16:39:46 · answer #5 · answered by Gengis 6 · 0⤊ 0⤋