If I plan to make all my purchases with a credit card (to build credit and earn points) and will have a savings account (to earn interest) where my checks will be deposited, would I still need a checking account for some reason?
If I plan to make all my purchases with a credit card (to build credit and earn points) and will have a savings account (to earn interest) where my checks will be deposited, would I still need a checking account for some reason?
There’s zero downside to having a checking account. Savings accounts typically have a limited number of transactions allowed since they are, well, savings accounts, and not operating/checking accounts.
Our business checking at the same bank has instant transfer from our deposit account. You never know when some random is going to ask for an actual paper check.
Or you receive checks to your business name ,you won’t be bale to deposit them.