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Belco's Online Banking

Archive for March, 2019

savings and checking accounts credit union

The Difference Between Checking And Savings Accounts

access_time Posted on: March 28th, 2019

Many of us are guilty of opening a checking and/or savings account but not fully understanding their benefits or how to use them properly to make the most of our money. Each type of account has a different purpose and function, so understanding the differences helps you choose the right combination for you to better manage your personal finances, minimize overspending and make your hard earned money go farther. What Is A Checking Account? A checking account allows you to write checks, or withdrawal funds, as an everyday way to pay others. In the not so distant past, this was primarily done in the form of paper checks – documents… read more »

credit union checking account

How Much Money Should You Keep In Your Checking Account?

access_time Posted on: March 1st, 2019

The amount of money you keep in your checking account is important. Since the goal of a checking account is to process transactions, checking accounts shouldn’t necessarily hold a large sum of money. Rather, they should provide enough funds to cover the transactions you plan to make within any given period of time. Breaking Down How Much Money To Keep In Checking Account When you learn how much money to keep in your checking account, you can make sure your funds are working for you in the best way possible. There are a few things to consider. Money Going In, Money Going Out The key factor to keep in mind… read more »