A checking account is a bank account you can write checks from, or access several other ways, which tends to make it your go-to, daily transaction bank account. A savings account is where you stash funds that you aren’t ready to use yet, often with the goal of accumulating more. The differences between them affect how you can use each to manage your financial life—and you’re likely to find both handy.

Now that you know the difference between checking and savings accounts and how each can help you, you’re ready to get the most out of each and use them to work toward your goals.

Learn more about your checking and savings options from Bank of America.