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Checking Account

Checking Account

Checking accounts are an important way to manage your money. A checking account debit card allows you to make payments that are deducted immediately from your checking account, while still allowing you to keep a record of your expenses. Make sure to shop around and get the best rates, as many banks offer free checking accounts.

Top Questions Asked on ChaCha.com for Checking Account

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Day | Week | Month

  1. How is a money market account similar to a checking account?

    Your principal isn't guaranteed, but you can get a return whi...

  2. Why is a checking account called a demand deposit?

    Because money is available on demand checking accounts are al...

  3. What is open check account?

    Checking accounts are the place to keep the money you'll be u...

  4. How many digits does a checking account number have?

    Each bank has different lengths of account numbers. They are ...

  5. How many digits is my account number from my Bank of America checking account?

    Your account number from Bank of America will be 9 digits. Yo...

  1. How many digits does a checking account number have?

    Each bank has different lengths of account numbers. They are ...

  2. How many digits is my account number from my Bank of America checking account?

    Your account number from Bank of America will be 9 digits. Yo...

  3. How can I check my Wells Fargo checking account balance through text?

    Text bal or act to 93557 to check your Wells Fargo account ba...

  4. What is the customer service number for Bank of America to check checking account balance?

    To contact Bank of America call 1.800.622.8731. Their hours a...

  5. How do I check my account balance on a chase checking account from my phone?

    To check balance on existing Chase accounts call 1-800-935-99...

  1. Why is a checking account called a demand deposit?

    Because money is available on demand checking accounts are al...

  2. How many digits is my account number from my Bank of America checking account?

    Your account number from Bank of America will be 9 digits. Yo...

  3. How many digits does a checking account number have?

    Each bank has different lengths of account numbers. They are ...

  4. How do I check my account balance on a chase checking account from my phone?

    To check balance on existing Chase accounts call 1-800-935-99...

  5. How can I check my Wells Fargo checking account balance through text?

    Text bal or act to 93557 to check your Wells Fargo account ba...

Top Questions Asked on ChaCha Mobile for Checking Account

In the Last:
Day | Week | Month

  1. How do i text US Bank to check my checking account balance?

    There is no number that you can text, but if you can access t...

  2. Where is my bank account number on a check?

    The checking ACCOUNT number is the group in the middle.

  3. How do i check my chase checking account balance via text message?

    Just text "bal" - to get balances for all your accounts. The ...

  4. How do I check my account balance on a chase checking account from my phone?

    To check balance on existing Chase accounts call 1-800-935-99...

  5. What is required to open a checking account in Georgia?

    Go to the bank of your choice, fill out an application and pr...

  1. What is the difference between a checking account and a savings account?

    Checking account has unlimited withdrawals and & checks. Savi...

  2. Is a savings or checking account have better interest?

    Thanks for asking ChaCha. Yes, a savings account will always ...

  3. Where is my bank account number on a check?

    The checking ACCOUNT number is the group in the middle.

  4. How do i text US Bank to check my checking account balance?

    There is no number that you can text, but if you can access t...

  5. How long does it take to set up a checking account?

    Setting up a checking account nowadays can be done online in ...

  1. How long after opening a checking account does it take for the check card to come in the mail?

    Depending on the policies of the bank it could take anywhere ...

  2. How is a money market account similar to a checking account?

    Your principal isn't guaranteed, but you can get a return whi...

  3. How much money do you have to have to open a checking account at Suntrust Bank?

    That information isn't available until you apply online for t...

  4. How do you transfer money from a checking account to a savings account?

    Typically, you can transfer your money through a bank, online...

  5. When you have a pending debit transaction on your card has it been deducted from your checking account already?

    The pending debit transaction reduces the balance available i...

About Checking Account

Checking accounts allow you to deposit your checks from work or other money you receive. This can help protect your cash from theft, fire and loss. It is very convenient to have all your money in one place so you can keep track of it too. At the end of the year when you do your taxes, a checking account provides a convenient record of what you have spent. Checking account debit cards are popular, as they make it even easier to obtain your cash when needed.

When opening a checking account be sure to check out a few institutions. Many times you can find a local bank that offers free checking accounts. Banks are competitive for your business so be sure to find the one that fits needs at the lowest cost.

Make sure the bank is FDIC insured also. This means that your deposits are insured and that you will not lose your money should the bank close. FDIC does not insure securities, mutual funds or similar types of investments.

You will need to take positive identification with you to the bank to open your checking account. This usually means, a divers license or state identification card, social security card, and sometimes a utility bill with your name on it to prove residence. Call the institution first for their specific requirements. Once you open your new checking account you can open other bank accounts such as a savings account or even a Christmas club account.

The usual age to open a checking account is 18. However some institutions offer checking accounts for minors. They will still need a valid form of identification if the account is to be in their name. Minors can check with the bank that their parents use and may find them more willing to open an account for the teen.

Today online banking has become very popular. If you are considering this, definitely do your homework about the bank you are dealing with to prevent fraud. Go with well known online banks that are insured. Many banks offer online services which are much safer. Some top Banks in the United States are: Bank of America, JP Morgan Chase Bank, Wachovia, Wells Fargo Bank and Citibank.

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Checking Account