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How does a checking account work?

A checking account works by allowing you to deposit and spend money. Checking accounts are typically designed to accept a variety of deposits, including: With direct deposit, you can have money added to your account automatically by sharing your bank account information.

Why do you need a checking account?

A checking account can help you streamline your money management, making it easy to pay bills, make withdrawals, and transfer funds. With so many different types of checking accounts available, it pays to evaluate your options and choose an account that's likely to meet your needs.

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

Here are some key differences: Checking accounts come with a debit card. The debit card you receive allows you to withdraw money from your checking account. Savings accounts don’t provide a debit card, though you may be able to use one to access funds if your account is linked to a checking account at the same bank.

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