If you have an unpaid debt to a credit card company, to the state or IRS, you could have your checking account garnished. Creditors commonly use two methods to obtain money from people in default on their loans and credit cards: Wage garnishment up to 25 percent and checking account garnishment.

Cashing personal checks can be difficult if you don’t have a bank account. When you have access to the bank that the check was written from, you may be able to cash the check at that branch without having an account of your own there.

The birth of a new child is both a wonderful experience and a great responsibility. Infants come with many expenses, and most of the financial burden falls on the parents. Grandparents are able to provide a foundation for their grandchild's future by starting a savings account for him.