Question

Explain the difference between a checking and a savings account

Answer 1

Answer: Heyaa! :)

• Saving Account

→ income not spent, or deferred consumption. Methods of saving include putting money aside in

• Checking Account

Offers easy access to your money for your daily needs ←

The main difference between checking and savings accounts is that checking accounts actually used on the daily while savings accounts are primarily for saving money.

Hopefully this helps you !

- Matthew ~~