Which of these is an advantage of checking accounts?

Checking accounts prevent the customer from having overdraft fees.

O Checking accounts allow convenient ways to deposit or withdraw funds.

O Checking accounts are processed immediately so customer and bank records always match.

O Checking accounts offer limited checks but offer higher rates of interest.

Question

Turbo

Mathematics

1 May, 02:24

Which of these is an advantage of checking accounts?

Checking accounts prevent the customer from having overdraft fees.

O Checking accounts allow convenient ways to deposit or withdraw funds.

O Checking accounts are processed immediately so customer and bank records always match.

O Checking accounts offer limited checks but offer higher rates of interest.

+4

Answers (2)

Know the Answer?

Johan Woodward · Answer 1

Checking accounts allow convenient ways to deposit or withdraw funds.

Step-by-step explanation:

A checking account is a deposit account that allows withdrawals and deposits.

These are day to day transaction accounts and are very liquid and can be accessed using checks or ATM cards.

Here the checks can be drawn by the account depositor.

Hence, the answer is - Checking accounts allow convenient ways to deposit or withdraw funds.

Cristofer · Answer 2

Option B is the correct option

Step-by-step explanation:

The advantage of checking accounts is that checking accounts allow convenient ways to deposit or withdraw funds.

Checking account holders have access to online and mobile banking, ATMs and the use of debit cards and checks to make purchases or withdraw funds from the account. Many employees find checking accounts useful for direct deposit of their paychecks. With direct deposit, an employer automatically transfers a payroll amount into the employees banking account, saving time and avoiding trips to the bank to cash paychecks ...