How much money do you keep in your checking account on a daily basis? I keep my checking account balance very low because my current brick and mortar bank does not offer interest on the checking account. I keep the rent money in my checking account so that I can walk in to the office and pay the rent and get a receipt.

Now I could pay the rent through Electric Orange but I have decided to keep the physical paper checks because there have been some issues with the rent checks being deposited late and then the office sends out notices to residents that the rent is late. It actually happened to me once but I had a receipt from the office so I got that cleared up and did not have to pay te late fee. I just wanted to get rid of all the hassle so I decided to keep the rent money in the checking account.

I also have about $40 above the rent money floating in my checking account. This is to cover instances where I will need cash like to get quarters to do laundry. I also have the extra money for little emergencies that might come up like when I need to get stamps because the post office at school does not take credit cards. The checking account money also comes in handy when I need to pay someone right away because most of the people I go to school with have some sort of fear of online banking…..I have no idea why.

So how much do you keep in your checking account on a daily basis? I would love to know how you manage your bills and online action with the paper checks that you get from the bank. Comments are open!