| Most banks offer their patrons benefits on their | | | | for some reason, you can get it replaced by means of |
| checking accounts. If you open an account, one benefit | | | | this insurance. |
| that you could enjoy is that you might be able to avail | | | | The biggest benefit from having an account is the fact |
| an overdraft protection. There are some banks that | | | | that bills can be paid with ease, without having to carry |
| allow you to link another account to your checking | | | | money around. It is easy to show a cancelled cheque |
| account. | | | | as proof of payment. You can also do it the easy |
| If your account goes into a negative balance, they | | | | way by paying bills through mail. Another important |
| transfer money from the other account to cover your | | | | benefit of having a checking account is that you can |
| checking account. Still others will start returning | | | | effectively budget your money and keep a track of |
| cheques after you overdraw beyond a certain limit. Of | | | | how much you earn and how much you spend. Money |
| course, there are fees involved with these services. | | | | can be either drawn by means of a cheque. You will |
| Most banks insure checking accounts. This is done by | | | | also get cheques (on request) which will be carbonless |
| the FDIC for up to $100,000 (although, if you have that | | | | copies of the original cheque, and these are very |
| much money, it is more advisable to put it into a | | | | helpful in maintaining your finances. |
| savings account). Therefore, even if your money is lost | | | | |