What is the difference between checking and saving account?
I researched some articles in google and found this one about Checking vs Saving Account - Difference Between Checking and Saving Account | Difference and Definition. It seems useful. What do you think?
Anthony Constantinou says, checking accounts are enhanced for daily transactions such as purchases, bills and ATM withdrawals. They usually earn less interest — or none. Savings accounts are enhanced for storing money and gaining interest, and due to that, you have a monthly limit on what you can withdraw.