What are the advantages of having a checking account quizlet?

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06-12-2022
Business

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What are the advantages of having a checking account quizlet?

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NomulaHarsh NomulaHarsh · Answer 1 · 2022-12-13T08:54:03-05:00

A checking account is a convenient way to pay your bills since it is safer than carrying cash, has an integrated record-keeping system, shows evidence of purchases, and allows you access to many other banking services.

What do you mean by checking account?

A checking account is a sort of bank account that enables simple deposits and withdrawals of cash for everyday use. For instance, you may use your debit card to withdraw cash, deposit a check you receive, or set up direct deposit to get your paychecks.
Earn interest: Some checking accounts pay interest, so even when your money is just sitting in the account, it can increase. FDIC protection: You could be interested in a checking account if you've been storing your money in jars or beneath your mattress due to its security.
Regular (basic) checking accounts, premium checking accounts, student checking accounts, senior checking accounts, interest-bearing accounts, business checking accounts, and rewards checking accounts are a few of the several types of checking accounts.

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