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Fortune
Fortune
Laura Gariepy

Can I purchase online directly from a savings account? You can, but there are better ways to save and spend

Photo illustration of a hand pouring out a jar of coins onto a stack of bills in envelopes. (Credit: Photo illustration by Fortune; Original photos by Getty Images (2))

You probably have a checking account to pay for everyday expenses and a regular savings account to cover emergencies or finance future dreams. But have you ever wondered, “Can I purchase online directly from a savings account?”

The short answer is yes—it’s possible, but doing so may not be in your best interest. Not only do savings accounts often have monthly withdrawal limits, but using savings for everyday purchases could compromise your future financial goals.

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