A: Now that I have my first job, I need a bank account.

B: What kind of bank account are you going to open?

A: There are different types of bank accounts?

B: You can open a checking account.

A: That means I'll have checks to pay bills, right?

B: Yes, and you'll get a debit card you can use, too.

A: That's different from a credit card, right?

B: Yes, a debit card takes money directly from your bank account.

A: So what is a savings account?

B: That's a low interest earning account meant for you to save money.

A: So that's not for everyday spending?

B: No, that's to save up for your retirement.