Why Having A Bank Account is Important

While keeping money in an old mattress is an entertaining clique to watch on television, it is unrealistic for a person to have all their money tied up in sleep. Owning and operating a bank account has significantly changed over the past couple of years, so there are more benefits to owning these accounts than there were in the past. 

Bank Accounts are Federally Protected 

Modern pickpockets now have software that can tap into your credit cards using the new tap ability that most debit and credit cards have. Essentially, a small chip is used in cards that allow you to tap them against payment terminals instead of inserting your card. This chip is hackable to the modern-day pickpocket. Despite how clever this criminal is, you are protected by the federal government, so even if he does get your money, you will get it back. 

Direct Deposit is How Business Manage Payment

The introduction of direct deposit changed how people clock in and out of work for their jobs. With direct deposit, most time tracking isn’t done on paper punch sheets anymore. Instead, companies use organization applications that were designed to help run a business. These apps are used as filing cabinets for all the company’s paperwork. All of your information, including your banking information, is heavily protected. 

Not to mention that direct deposit allows you faster access to your money. Without a bank account or a digital checking account, the only way to turn your paycheck into usable money is to take it into a bank and get cash. Most banks will also charge you a fee if you aren’t a member. Not having a bank account in the modern-day workforce is nearly impossible Here.

Banks Offer Several Perks to Customers

Most banks offer very good perks for using their cards and their bank. First of all, there are the basic perks that all banks have, like loans and lines of credit, but the real bonuses open up when you get a credit card. Most credit cards are run through banks, the most reliable and low-interest cards at least, and these perks can be various. 

If you have ever seen a fast food restaurant, or an outlet store, advertising a credit card, don’t buy it unless you shop there weekly. All credit cards have the same principles, but they don’t all have the same benefits. Using a credit card that an outlet store provides only gives you discounts and perks at that store, and most of the time, employees will pitch the credit card during checkout. Almost all credit cards provided with a banking service are so successful because the banks partner with different companies all the time.

For example, Chase bank partners with airlines for at least two of their most popular credit cards, and they have a program where there is a rotating cycle of fast food chains, and if you eat at any one of the given restaurants, you receive perks giveme5.


Keeping your money stashed away somewhere like a mattress isn’t safe. Plus, you would miss out on many opportunities to save and make money with twenty-first-century banking