Everybody needs a checking account in the USA, and everybody needs a chequing account in Canada. Regardless of how you spell it, checking accounts are a foundational financial product. They act as the headquarters of your financial portfolio, thus making it very important to understand how it works in its entirety.
In this WealthRocket article, we’ll answer the seemingly obvious but not quite clear question: What is a checking account? We’ll also look at how to choose, use, and avoid misusing one.
You’ll also learn that just because it’s a spending product doesn’t mean it can’t save you any money!