There have been numerous posts written about the importance of having a savings account. These articles range from where to open your new savings account to what to look for in a savings account. But one of the most overlooked financial products in personal finance is a checking account. A checking account is a deposit account used primarily to process transactions. Checking accounts are used for everything from bill payments to cashing paychecks. These accounts are important to the daily survival of most banking customers.
Since there is some literature lacking in the area, I want to take a look at a few of the things that you should have in a checking account: