Question

Which of these is an advantage of checking accounts?

Checking accounts prevent the customer from having overdraft fees.
Checking accounts allow convenient ways to deposit or withdraw funds.
Checking accounts are processed immediately so customer and bank records always match.
Checking accounts offer limited checks but offer higher rates of interest.

Answer 1

Answer:

Checking accounts allow convenient ways to deposit or withdraw funds.

Explanation:

Checking accounts do not have restrictions on the number of withdrawals and deposits that a customer can make. It means one can withdraw and deposit as many times as they want.

The money saves in a savings accounts is considered risk free. The probability of losing the money is negligible. For this reason, a checking account offers a safe and convenient way of depositing and withdrawing.

Answer 2

Checking of accounts allows convenient ways to deposit or withdraw funds. more detail is shown below.

• Checking accounts do not have restrictions on the number of withdrawals and also deposits that a customer can make. It means you can withdraw money and deposit at any time you want.

• A checking account is a deposit account with a bank or other financial firm that allows the holder to make deposits and withdrawals as many times.

• The money saved in your savings accounts that's considered risk-free. The probability of losing the money is negligible. For behind the reason, a checking account offers a safe and convenient way of depositing and withdrawing your money.

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