A checking account is for everyday spending, like paying bills or purchasing. It offers easy access to your money with a debit card or checks but usually has little to no interest.

A savings account helps you save money and earn interest over time. It’s ideal for reaching financial goals or building an emergency fund, though it may limit how often you can withdraw funds.

Using both accounts together can help you manage daily spending while growing your savings.

Yes, you can have a checking and a savings account.

Using both together makes it easier to manage your finances—keep your spending money in your checking account and set aside funds for future goals in your savings account.

Whether it’s better to deposit in checking or savings depends on your financial needs.

Checking accounts is ideal for money you plan to use regularly, like paying bills or purchasing. They offer easy access through debit cards, checks, and online payments.

Savings accounts are better for money you want to save and grow. They typically offer higher interest rates, helping your balance increase while keeping it separate from daily spending.

A good approach is to keep enough in your checking account for monthly expenses and emergencies while depositing extra funds into your savings account to build wealth.

A debit card is designed for everyday spending and is most commonly used with checking accounts.

To know if your account is savings or checking, check your bank statements and account details in online banking or ask your bank directly.

Checking accounts are for daily spending, while savings accounts are for earning interest and saving money.