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What Is A Checking Account And How Does It Work?

  • A checking account is for everyday spending, keeping money safe and accessible.
  • Features include debit card usage, cash deposits, check deposits, and mobile transfers.
  • Different types like student, rewards, and high-yield accounts offer various benefits.
  • There are fees to watch out for like monthly maintenance, overdraft, and ATM fees.
  • Choosing the right account involves considering fees, benefits, and account type suitability.

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