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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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