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In my country (the United States) they advise to bank on a community bank, because they treat you as family, rather than big banks that see you only as a number ($). A checking account is for convenience - you can pay by using debit card or by check. I stopped using credit cards; we follow what the bible said: "a borrower is a slave to the lender". For ...


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Yes, most bank plans have a required minimum amount to avoid monthly fees. It's about $3000 (minimum balance in a month) to avoid about $10 in monthly fees, or ($5000 for $25, $1500 for $5 etc.. depending on your account). This works out to $120 / $3000 or 4% annual interest, ie. more than your savings account. So always keep at least the minimum balance ...


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Depends on the saving account. A good account yieds 2% and makes a savings account worth having. In this situation your strategy makes since. Earn some dollers before paying off the credit card each month. As long as your credit card charges don't exceed your long term saving goals. I use checking to avoid Reg D's 6 monthly transactions and rarely when ...


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You said, Whenever I see things like this, they are always tied to moving money from your checking to your savings account. The reason why that's the mechanism they're suggesting is because most people treat their checking account as their primary transaction account - they leave their paycheck there, and spend out of it for daily purchases, bills, and ...


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