What Is A Checking Account? | How Does Checking Account Work?
One of the most important parts of managing your money is deciding where to keep it. While you could park your cash under the mattress, a checking account at an FDIC-insured bank can be a much safer choice.
According to the FDIC, an estimated 5.4% of U.S. households are unbanked, meaning they don’t use traditional bank services, which includes checking accounts. If you’ve never had a checking account, you may be wondering how they work or whether you really need one. But there are several good reasons to rely on checking accounts for spending money and paying the bills.
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