www.checking-and-savings.com:
Checking accounts are the place to keep the money you'll be using soon. If you use a checking account, you can easily buy things without carrying around cash. Whether you have a debit card linked to your checking account or you write paper checks, these accounts come in handy. If you are able to maintain a bit more of a balance, online banks offer easy access to checking accounts that are not only free but earn interest, getting much more efficient use of your money. In all cases you will need to carry a minimum balance, but instead of your checking account--your "working capital"--sitting there earning nothing, you can get a tangible (and save-able) return on your money. Some banks will combine both checking and savings accounts giving you the advantage of interest and check writing ability.
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