It's possible to handle your money without having a checking account. However, for many people, having a checking account is a good thing. If you don't have one, you may want to consider opening a checking account for these reasons.

Take Advantage of Sign-Up Perks

Some banks offer perks for those who sign up for an account with them. For example, you might be offered a sign-on bonus after you open your account and meet a few criteria, such as using your new debit card a certain number of times, depositing a certain amount of money in your bank, or making deposits a certain number of times. When looking for a bank to open an account with, you may want to look for a bank that offers these perks.

Enjoy Direct Deposit

If you currently get paid by your employer in the form of a traditional paycheck, you might want to open a bank account so you can potentially sign up for a direct deposit. This can allow you to get paid more quickly and can help you avoid the hassle of having to go and deposit your paycheck. Of course, you'll need to find out whether or not your employer offers direct deposit, and you'll need to provide your employer with your direct deposit information after you open your checking account. For example, they'll need your routing number and account number.

Have a Place to Cash Checks

If you receive paper checks from your employer, or if you occasionally receive paper checks from family members or others, then you'll need to be able to cash them. You'll probably want to avoid a big check cashing fee, too, if you can. If you open a checking account, then you will no longer have to worry about how you will cash paper checks when you receive them.

Keep Better Track of Your Money

If you have a checking account, you will be able to keep track of your balance, the things you spend your money on, and more. This can make budgeting easier, can encourage you to make changes to how you handle your money, and more.

Avoid the Risks of Carrying Cash

Even though carrying cash can be convenient, there is the risk that you could lose it or that it could be stolen. If you keep most of your money in your checking account, on the other hand, you don't have to worry about this.

To learn more, contact a bank service provider in your area such as Bellco Credit Union.