5 Things That Are Great About Having a Checking Account

Checking accounts are a convenient way to keep track of your money and pay bills. However, the convenience comes at a cost.

As with any service, there are pros and cons to having a checking account. While they can be good for people who want to save money, they can also be bad for people who need quick access to cash. The best option is likely to have both options available instead of just one or the other.

If you’re new to the world of online banking and aren’t sure if digital checking accounts and convenient bill paying is right for you, welcome to our guide. Here are five things that are really amazing about having access to an online checking account.


A checking account allows you to easily access your money and make transactions without having to carry cash. You can use a debit card to make purchases, pay bills online, and withdraw cash from an ATM. This provides a great deal of flexibility and convenience, as you can make transactions from anywhere, at any time. It also makes it easier for you to shop online or make purchases over the phone, as you can use your debit card instead of having to mail a check or money order.

Record keeping

A checking account provides a record of all your transactions, making it easy to track your spending and budget your money. You can also see your account balance online or through mobile banking, which makes it easy to know exactly how much money you have available. This feature allows you to have a better control of your finances, and make more informed financial decisions. Additionally, you can also set up account alerts, to be notified of certain activities, such as low balance, transactions, and more.


A checking account is generally considered to be safer than carrying cash, as it is FDIC-insured, meaning that your money is protected up to a certain amount in the case of bank failure. This means that if the bank were to fail, the federal government would step in to ensure that your deposits are returned to you. Additionally, many banks also offer additional security features, such as online and mobile banking security, to protect your account from unauthorized access and fraud.

Direct deposit

Many employers offer direct deposit, which allows your paycheck to be deposited directly into your checking account. This can save you time and hassle, as you no longer have to go to the bank to deposit your paycheck, and it also makes it more difficult for your paycheck to be lost or stolen. Additionally, if you have a direct deposit set up, you would be able to access your money as soon as your employer makes it available, which is usually faster than waiting for a check to clear.

Overdraft protection

A checking account usually comes with overdraft protection, which can help you avoid costly fees if you accidentally spend more money than you have in your account. Overdraft protection allows you to spend more than your account balance, but it will come with a fee. This feature can be helpful in case of an emergency or unexpected expenses, as it can prevent you from having to pay expensive non-sufficient funds (NSF) fees.

It’s worth noting that checking accounts can also come with fees, such as monthly maintenance fees or ATM withdrawal fees, so it’s important to understand these fees and choose an account that best suits your needs.

Additionally, it’s recommended to review the account’s terms and conditions, and compare options from different financial institutions to find the one that works best for you.



David is a 28-year-old struggling artist who enjoys planking, upcycling and binge-watching boxed sets.