If you are new to banking, you may be surprised to learn that there are many types of bank accounts available. The type of bank account that you will need will depend on several factors. This article will examine some of the more common types of bank accounts that you will find at most banks and credit unions.
First, you should understand that not all banks and credit unions will offer the same types of accounts. Larger banks will usually offer the most services, but smaller banks are also usually well suited for most consumer needs.
The most popular bank account is the checking account. A checking account uses paper checks and/or electronic funds transfers as its primary means of business. When you open a checking account you will receive paper checks that you can use to pay bills and make purchases. Many checking accounts are free, but some may charge a small fee each month. With your checking account you may get access to ATM machines as well. The most important thing to remember about checking accounts is to not write checks that you cannot cover with the funds in your account. This is called bouncing a check and it can cost a lot of money in service charges...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
