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

[Allota]

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?

 

[kongsimi]

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.

 

[sunlee2002]

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

 

[chuckyworld]

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......