Importance of Bank accounts

Bank accounts have really become an integral part in the life of every person. It is very hard for us to think about managing funds without bank accounts. Bank accounts are mostly of two types checking account and saving accounts. Checking accounts are mostly met for the businessmen class and while, saving accounts are met for the ordinary people. Saving accounts basically used for saving money and bank also provide some interest on these bank accounts. On the other hands, checking accounts are mostly opened to manage the business related funds and there is no or very less interest offered by banks on these accounts. Any person can easily open a bank account with bank by providing the required proofs and documents.