Question

Samantha keeps $1,000 in her checking account. A friend has suggested that she move that money into a savings account which pays interest and that she apply for a debit card on that savings account so that she can spend money in her account directly with merchants without having to write a check. What's wrong with this idea

Answer 1

Few banks will issue debit cards for savings accounts since the law limits the use of a debit card with merchants to 6 times per month.