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Explain the difference between a checking and a savings account
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21 votes
Explain the difference between a checking and a savings account

User Adam Hopkins
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22 votes
22 votes

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 ~~

User RizkiDPrast
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