When the customer has no checking account, through which to conduct the transfer.
When a bank runs out of regular checks.
When a customer has too much money on his savings account.
When he/she is in immediate need of sizable cash.
When he/she needs guaranteed funds (e.g., home closing).
When he/she does not know which exact amount he/she will need.
When the administration of customer's bank account is being relocated from one branch to another.
When the bank seat is being relocated.
When customers travel.
It is a new type of E bond introduced after 9/11. Funds are raised for antiterrorism.
It is a new type of EE bond introduced after 9/11. Funds are raised for antiterrorism.
It is a new type of I bond introduced after 9/11. Funds are raised for antiterrorism.
Bonds stop earning interest.
Bonds reach their face value.
Bonds enter extension period.
Name and address.
Name, address, and tax receipt.
Social security number, name, and address.
Customer does not need to authorize any deduction from the account as it happens automatically.
Customer will not be late with check as the payment is automatically taken out of bank account.
Customer does not receive any payment reminders.
Debit card can be used for purchases.
The amount of purchase is not directly deducted from customer’s checking account, but bills monthly.
There is no extra feature. Both cards have the same functions.