What is the advantage of having a checking account?

• There are many advantages of having a checking account.
  Safety
  1. No need to carry cash
  2. Funds in your checking account are insured by NCUA or FDIC
     
     
• Your bank can provide proof of payment
  1. Build your credit
  2. A checking account can help you establish and build your credit score
  3. You can schedule payments to ensure they're made on time, which can affect your credit score
     
     
• Convenience
  1. Access your funds without carrying cash
  2. Access your paycheck and other deposits instantly with direct deposit
  3. Pay bills and make purchases online using online banking or your debit card

More Checking Account FAQs

What is a checking account?

What is the difference between a checking and savings account?

Do checking accounts earn interest?

How do checking accounts work?

Is a debit card a checking or savings account?

What is the advantage of having a checking account?

Are checking accounts insured?

How often should you typically monitor your checking account?