Having your own bank account is important for many reasons. It gives you a safe place to set aside your money rather than taking the risk keeping it hidden in your home where someone could potentially get into it and spend it. Not only are banks far more secure, but there are a lot of other benefits that come with having your own bank account. The convenience of using ATM machines for instance when cash is needed such as a Cannabis dispensary atm where only cash is accepted.
Get a Direct Deposit When Getting Paid
When you have a bank account, you should be able to get your check from work deposited into your bank account. It’s far more convenient to have the money sent directly to your account on payday rather than going up to work, even on your day off, to pick up the check and then cash it somewhere else. When it comes to having access to your cash when you need it, the direct deposit option is simply convenient and will save you a lot of time.
Swipe a Debit Card Instead of Using Cash
Banks provide customers with personal debit cards they can use when paying for good or services. If you don’t feel comfortable carrying too much cash around with you, it’s possible to simply carry a bank debit card in your wallet or purse. When you need to pay for something, you’d simply need to pull the debit card out and swipe to pay rather than pulling out cash, counting it, and collecting your change.
Makes It Easier to Make Online Purchases
If you love online shopping, you’ll need to have some type of card to use to make purchases. If you don’t want to use a credit card, you can use the debit card that was issued to you from the bank you’ve decided to bank with.
Protects Your Funds in the Event of Emergencies
If you get into an unfortunate situation, it’s helpful to have money stored away in the bank instead of in your purse. For example, if you’re walking around with a debit card in your purse and the purse gets stolen or snatched from you, you’d be able to contact the bank right away to let them know what just happened. They’d put a hold on your account to make sure the thief couldn’t use your money. If you had cash in the purse, you may never get it back, which is frustrating.
There are a lot of great reasons to have your own bank account and these are quite a few of those reasons. If you don’t have one, consider checking out different banks in your area and signing up for an account with one of them.