When financial planning, you should you best utilize a chequing account by: Question 3 options: Depositing the bulk of your money here due to the high interest rates Maintaining a balance not much larger than your monthly budgeted expenses Maintaining a balance that covers six months of expenses since the best place to have your money is where it is most readily available Take advantage of the chance to use available overdraft whenever possible as it is a type of interest free loan offered to you as a customer