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WHAT IS A CHECKING ACCOUNT?

What is a checking account?

What is a checking account?

A checking account is a transactional account used for everyday transactions. Funds can usually be accessed by check, debit card, cash withdrawal or deposit in a branch or by ATM. Since checking accounts are meant to be transactional, most of them do not accrue interest, though some checking accounts do offer interest.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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