Choosing A Banking Account

Primarily, there are two main types of traditional banking accounts; savings accounts, and checking accounts. And, while there can be quite a few similarities between the two at a prima facie glance, there are actually quite a few key saliencies as well. Both accounts can be used to deposit funds, as well as allow for easy withdrawals from the accounts.  In fact, most savings accounts and checking accounts are equally compatible with the Automated Clearing House (ACH) system, which is typically used to directly deposit, and/or directly withdraw funds electronically from an account. Read More