All of the following are reasons to open a checking account EXCEPT…
a. Making it easier to pay bills
b. The ability to make purchases with a debit card
c. Access to cash at an ATM
d. Earn interest on your deposits
All of the following are reasons to open a checking account EXCEPT
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The correct answer is d. Earn interest on your deposits.
While many checking accounts offer convenient features such as paying bills (a), using a debit card for purchases (b), and accessing cash at ATMs (c), they typically do not offer significant interest on deposits. In fact, checking accounts generally earn little to no interest compared to savings accounts, which are designed for earning interest on deposits.