Post
Topic
Board Bitcoin Discussion
Re: Does anyone keep money in their checking accounts anymore?
by
jjdub7
on 03/07/2014, 00:07:55 UTC
Doesn't anyone else feel that your checking account is more safe?  I guess if someone does get a hold of your information.  USUALLY banks are well aware of it before it happens and don't allow the funds to go through.  Well if someone gets your Wallet information, it takes them about 3 seconds to clear out your bankroll with no way of getting it back...

I guess I would always feel safer with my money in a checking account rather then a bitcoin wallet..Plus I have automatic withdraws set up for bills and crap need to have some funds in there..

This is why we have things like 2FA and wallet encryption, to make holding BTC safe.  Even Coinbase keeps their BTC in cold storage.

To OP: How do you pay your credit card bill?

I make enough to cover them with biweekly paychecks.  Salaried, full time.
What do you do with your paychecks when you are paid? Are they deposited into your savings account?

Most banks offer free/basic checking accounts for people with direct deposit and/or with small ($500~) minimum balance and/or if they use their debit card "x" (usually around 5) times per month

Yep, direct deposited.  I have a checking account, I usually just clear most of it out into cold storage BTC once the bills are taken care of.