How-to-Guide on How a Checking Account (and Debit Card) Works
Posted On: February 19, 2025 by CSE Federal Credit Union in: CSE, Debit & Credit Cards, Education
How-to-Guide on How a Checking Account (and Debit Card) Works
1. What Is a Checking Account?
A checking (or share draft) account is a bank account that helps you manage and spend your money easily. You can use it to save money safely, pay for things and keep track of your spending. Checking accounts are perfect for everyday transactions like buying groceries, paying bills, and getting your paycheck deposited.
2. How Do You Use a Checking Account?
Deposit...
How-to-Guide on How a Credit Card Works
Posted On: February 5, 2025 by CSE Federal Credit Union in: Credit Cards, Education
How-to-Guide on How a Credit Card Works
1. What Is a Credit Card?
A credit card is a plastic (or digital) card that lets you borrow money to make purchases. When you use a credit card, you're using the credit union’s money, not your own. The credit union has allowed you up to a certain dollar amount (or credit limit, see below) to borrow. This is different from a debit card, which takes money directly from your checking account.
2. How...
