What type of account is an easy account?

What type of account is an easy account?

cheque account
FNB Easy Account is a cheque account for making day to day transactions. This account is a first tier account from FNB, targeting individuals earning R1000.

What bank account should I get?

An expert says 4 is the magic number. An expert recommends having four bank accounts for budgeting and building wealth. Open two checking accounts, one for bills and one for spending money. Have a savings account for your emergency fund, then a second account for other savings goals.

Should I open a savings or checking account?

Checking accounts are better for everyday transactions such as purchases, bill payments and ATM withdrawals. Savings accounts are better for storing money and earning interest, and because of that, you might have a monthly limit on what you can withdraw without paying a fee.

Is an easy account a savings account?

The Pay-As-You-Use Account: No-frills banking with a low monthly fee and FREE Savings Account with competitive interest rates. …

What should I know before getting a bank account?

7 Things Every Teen Needs To Know When Opening A Bank Account

  • Determine how much money you wish to put in the account.
  • Beware of the fees.
  • Look past the free stuff.
  • Map out the nearest ATMs and branches.
  • Consider going “online-only.”
  • Get used to the idea of money sitting still.
  • Don’t be afraid to walk away at any time.

    Can you set a bank account up online?

    One of you can start by opening a bank account online. It’s likely you’ll both then need to pop into branch to make it a joint account. This allows providers to carry out the necessary checks to ensure the account is set up as joint.

    What is monthly account fee?

    A monthly maintenance fee is a fee charged by a financial institution to a customer if certain requirements aren’t met. For example, some banks may charge a monthly maintenance fee if your account balance is under a certain threshold.

    Can the government look into your bank account?

    The Short Answer: Yes. The IRS probably already knows about many of your financial accounts, and the IRS can get information on how much is there. But, in reality, the IRS rarely digs deeper into your bank and financial accounts unless you’re being audited or the IRS is collecting back taxes from you.