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Thread: What is the use of having a checking account if you already have a savings account?

  1. #1
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    Default What is the use of having a checking account if you already have a savings account?

    A checking account has a lower interest rate. Is the sole purpose of a checking account in this case is to allow a larger number of monthly transactions?

  2. #2
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    Default Re: What is the use of having a checking account if you already have a savings accoun

    check acct. comes with overdraft facilities..

    if you want higher interests rates, better put in stocks and shares.

    just ignore securities and bonds, they are not worth anything right now.

  3. #3
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    Default Re: What is the use of having a checking account if you already have a savings accoun

    savings accounts are not really intended for daily use, transactions are more limited.. It's more for like depositing your savings..
    whereas for a checking account, its like an account for transactions.. so you can write as many cheques to pay bills or whatever.. and its easier to organise your finances with checking accounts

  4. #4
    Join Date
    Jul 2008
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    Default Re: What is the use of having a checking account if you already have a savings accoun

    You can issue bounce check with your checking account and collecting all those money you con from greedy pigs into your saving account, you need to open an offshore account in Cayman island when you run road......
    There is an old axiom that people will believe what they want to believe no matter the truth.

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