What do those "check cashing" outfits do?

[TellMeI_mNotCrazy]

@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.