In this age of Paypal and Isis, it might
seem that personal checking accounts have basically become obsolete. However,
there are still very viable reasons to have a checking account that go beyond
the obvious reasons.
1. Automatic Direct Deposit
When you get paid each week, you have to go
through a long process to cash your checks out or get them deposited into
Paypal. With a checking account, you can have your check deposited remotely by
your employer and save yourself a lot of time and effort. Wouldn't you prefer
to start your Friday evening off earlier, instead of finding somewhere that is
still open that can cash your check for you?
2. Insurance
Many insurance companies will not issue a
policy if you do not have a checking account, since so many rely on automatic
withdrawals. The days of door to door insurance salesmen collecting your
premiums are gone. Not only that, but utility payments and other bills can all
be taken out automatically, saving you time and money. It may not seem like it,
but when the payments are withdrawn before you see them, it doesn't seem like
as high a payment.
3. You can personalize your checks
Who doesn't like a check that reflects who
they are? With creative checks,
you can let your personality shine through with a checkbook customized to
however you like it. Whether you want airplanes, kittens, or a picture of
your children, companies can print personal checks in any way fun, creative way
you can imagine. Can you imagine the look on the cashier's face as you pull out
a checkbook adorned with the supermodels?
4. A checking account allows the use of debit cards
Instead of carrying cash, which is a safety
risk, you can simply use a debit card. Some banks allow for the
reimbursement of fees associated with card usage, and it makes it easier to
carry a single card than several hundred dollars at a time. If you find
yourself going out at night a lot, it's safer to not flash money around – and
debit cards solve this issue. They also provide instant access to the money in
your bank account, eliminating ever being short of cash at the register.
With
a checking account, life becomes easier overall. Not only do you NOT have to
store money under your mattress, but the variety of ways you can access your
funds increases.In this age of Paypal and Isis, it might
seem that personal checking accounts have basically become obsolete. However,
there are still very viable reasons to have a checking account that goes beyond
the obvious reasons.
1. Automatic Direct Deposit
When you get paid each week, you have to go
through a long process to cash your checks out or get them deposited into
Paypal. With a checking account, you can have your check deposited remotely by
your employer and save yourself a lot of time and effort. Wouldn't you prefer
to start your Friday evening off earlier, instead of finding somewhere that is
still open that can cash your check for you?
2. Insurance
Many insurance companies will not issue a
policy if you do not have a checking account, since so many rely on automatic
withdrawals. The days of door-to-door insurance salesmen collecting your
premiums are gone. Not only that but utility payments and other bills can all
be taken out automatically, saving you time and money. It may not seem like it,
but when the payments are withdrawn before you see them, it doesn't seem like
as high a payment.
3. You can personalize your checks
Who doesn't like a check that reflects who
they are? With creative checks,
you can let your personality shine through with a checkbook customized to
however you like it. Whether you want airplanes, kittens, or a picture of
your children, companies can print personal checks in any way fun, creative way
you can imagine. Can you imagine the look on the cashier's face as you pull out
a checkbook adorned with the supermodels?
4. A checking account allows the use of debit cards
Instead of carrying cash, which is a safety
risk, you can simply use a debit card. Some banks allow for the
reimbursement of fees associated with card usage, and it makes it easier to
carry a single card than several hundred dollars at a time. If you find
yourself going out at night a lot, it's safer to not flash money around – and
debit cards solve this issue. They also provide instant access to the money in
your bank account, eliminating ever being short of cash at the register.
With
a checking account, life becomes easier overall. Not only do you NOT have to
store money under your mattress, but the variety of ways you can access your
funds increases.
In conclusion, despite the prevalence of digital payment platforms like PayPal and emerging technologies, personal checking accounts remain essential for several reasons. Firstly, they facilitate automatic direct deposits, saving you the hassle of manually cashing checks and allowing you to access your funds more conveniently.
Secondly, many insurance companies and utility providers require a checking account for automatic withdrawals, streamlining bill payments and potentially reducing the perceived financial burden.
Moreover, checking accounts offer the unique advantage of personalized checks, allowing you to express your personality through custom designs. This can add a personal touch to your financial transactions.
Additionally, the use of debit cards linked to checking accounts enhances safety and convenience. Debit cards eliminate the need to carry large amounts of cash, reduce the risk of loss or theft, and provide instant access to your funds.
Overall, maintaining a checking account simplifies financial management, enhances security, and offers greater flexibility in accessing your money.
By leveraging these benefits, you can enjoy a more efficient and personalized banking experience, making life easier and more secure in today's financial landscape.
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