I am not that old and I am not that new to banking. I do have a bank account and that is where I deposited all my money from when I had a job. With that money I’ve bought books for school, food to eat, metro cards to ride the public transportation system, and just spending on everything I need. Saving your money in the bank can help you out and if you have one or saving accounts you can get more money in interest every month just for keeping your money with that bank. That’s something everyone needs because it’s practically free money.
If any of your current accounts are checkings or savings account you should know what I am talking about. If you don’t get any interst from either of these type of accounts, contact your bank and ask them for information. Of course it could be the other way around. The bank could have bank charges and charge you money for keeping your money there then that’s something you don’t really want to get into. Read what you are getting into and go with what works best for you and not your bank.