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Whats the point of having a Bank account?

Why is it important to have a bank account? In term of personal terms,goals, etc.
What kind of special conditions are there for teenagers that choose 5th 3rd bank and Chase?

Doing this for homework, thanks!

September 18, 2014

8 Comments • Newest first

LuckyNinja

It's a good thing to have if you want to save/protect your money.
It's much harder to rob a bank than plan a home invasion. (And it would suck if you had thousands of dollars hidden under your bed.)

Idk about you, but I don't think I have a balance fee or anything as I'm still a student. BOA ftw.
I'll check with my parents about that though. It's been a while.

Reply September 18, 2014 - edited
Herosgate

This reminds me of the episode of Futurama where Fry finds out he has a couple billion dollars. Lol

Reply September 18, 2014 - edited
Coordination

i just need to find interest rates of 5th 3rd bank and chase now.. and the balance fee

Reply September 18, 2014 - edited
iDrinkOJ

so i don't have to carry pounds of pennies on me

Reply September 18, 2014 - edited
Coordination

Thanks for the answers! I put them down as reasons.

Reply September 18, 2014 - edited
BridgeJump

So you have something to fall back on if you get mugged/house burns down

Reply September 18, 2014 - edited
achyif

also bank money isinsured
and interest

Reply September 18, 2014 - edited
GHSNinja

well, you dont exactly want to fill your matress up with all that summer job money, also to build up credit so you can get loans when you decide to move out of ur parents basement and buy a house

Reply September 18, 2014 - edited