14 Jul
2012
14 Jul
'12
9:20 a.m.
Tony Langdon <vk3jed@gmail.com> wrote:
I use a debit card as well, same deal, I can control how much is in the account at any time. Internet banking allows me to transfer funds on an as needed basis.
Yes, exactly. Another strategy (not for the same purpose though) is to maintain an access account that can be used for receiving payments. The account details can then be given to employers or to people for whom one does contract work without disclosing the number of an account that has significant amounts of money in it. It's then a simple matter of transferring money that arrives in the access account into another account that has a higher interest rate, or into some other form of investment portfolio.