Feb 02 2008
Checking Or Saving Accounts?
I just noticed that when I added the Virtual Money Inc information to my PayPal account. I actually selected the checking accounts instead of saving account. All the while, I am withdrawing the money from the ATM Machine using the saving account. Which mean I select the option of saving account when ask for which account to withdraw from. So far, withdraw and deposits have gone through successfully. I wonder would it actually have no different of current or saving in virtual bank account?
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I don’t get why people use retail savings accounts still. They say it is for higher interest than checking accounts, which is true, but if you won’t be touching it, why not start an online savings account with ING Direct? Way higher interest rates than any other B&M bank.