Chapter 6. Being Smart with Your Checking Accounts

If there’s any one kind of bank account that almost everyone has, it’s a checking account. As useful as they are, checking accounts still provide several ways for you to get into financial trouble. In this chapter I’ll show you how to get the most out of your checking account without the usual downsides.

How Checking Accounts Work

Wait—doesn’t everyone know how a checking account works? Make deposits, write checks, and hope that you don’t have an overdraft. Yes, that’s certainly true, but there are more details you should know about.

Types of Checking Accounts

The most basic ...

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