Do you need a savings account in order ot have a checking account?

This question applies to Bank of America.





If you want a checkings account (campus edge checking account), do you need to have a savings account open.





There's not even $200 in the checkings and I don't have the $300 to put in the savings in order to waive the monthly fees.





Can I cancel the savings and stay only with the checkings account?
Do you need a savings account in order ot have a checking account?
I used to work for Bank of America and am now with one of their competetors, I too would say get away from them...lol!





But, to answer your question, you do NOT have to have a savings account at BOA (usually only Credit Unions will make you have a savings).


If you have a checking account and link it to your savings account and have BOA do an Auto-transfer from your checking to your savings monthly of atleast $25, then your savings account is free and you won't have minimum balance requirements, plus you get to save money and you could participte in the "Keep the Change" program they have (which is really cool).





They also have a custom savings, which only asks that you have $25-$50 balance requirement but you can only withdrawal from it once a month, but if it is for saving purposes, then why not?!





Or you could just have the checking!





I hope this helped - let me know if you need more info!
Reply:there are lots of banks that you can use that do not require you to have a savings account. Why not switch?


I've found that Bank of America tends to cheat people out of their money anyway.
Reply:You can go to washington Mutual and get a Free checking account without having a savings account.
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