# What do those "check cashing" outfits do?

**URL:** <https://boards.straightdope.com/t/what-do-those-check-cashing-outfits-do/243382>\
**Category:** Factual Questions\
**Created:** [May 4, 2004, 12:28am UTC](https://boards.straightdope.com/t/what-do-those-check-cashing-outfits-do/243382 "2004-05-04T00:28:37Z")\
**Posts on this page:** 1\
**Page:** 3

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**Author:** ![TellMeI\_mNotCrazy](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/tellmei_mnotcrazy/32/3419_2.png) [@TellMeI\_mNotCrazy](https://boards.straightdope.com/u/TellMeI_mNotCrazy)\
**Post date:** [May 5, 2004, 4:37pm UTC](https://boards.straightdope.com/t/what-do-those-check-cashing-outfits-do/243382/41 "2004-05-05T16:37:35Z")

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> [@GMRyujin](#):
>
> Depends on your bank. My savings account is accessible via my ATM card, so I can withdraw with it that way, but that’s not really what it’s for. If you want to save for your kid’s college, for example, or if Grandma gives him $50 at Christmas every year and you want to save it til he’s older, that’s what a savings account is for. It’s for money you want to hang onto and/or don’t want as easily accessible as your checking account money is.

Not to mention, savings accounts draw interest, whereas most (but not all) checking accounts don’t.

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