What data type would be best for storing the money formatb of data in C#?

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Hi,
I am working on a website which is supposed to deal with users bank transactions. As it is going to deal with money on a higher scale. I want to know what will be the best fit data type for storing the money values in C# language such that the maximum memory utilization and performance can be get.

Thanks,
John

Posted 14-Jun-11 0:16am

John Expert Coder

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Christian Graus · Answer 1 · 2011-06-14T00:19:00

Solution 1

Decimal. If you have to worry about how much memory you have for storing numbers, you should buy a new computer. RAM is the least of your concerns.

Posted 14-Jun-11 0:19am

Christian Graus

Uday P.Singh · Answer 2 · 2011-06-14T00:27:00

Solution 2

yes!! as suggested by Christian Graus Decimal is the Datatype you need. You can use money datatype(if using SQL Server) for storing it in database.

Posted 14-Jun-11 0:27am

Uday P.Singh

nit_singh · Answer 3 · 2011-06-14T00:55:00

You can use double and decimal both, but decimal has some advantages over double.

A double can store a great big range of numbers in a smaller amount of memory compare to decimal but are subject to small rounding errors.

A decimal value takes up more space in memory (98 bits) but does not have any rounding error.