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 checking accounts offer convenience for daily transactions, they typically do not offer high interest rates on deposits compared to savings accounts. The other options (a, b, and c) highlight practical benefits of having a checking account, such as bill payments, debit card usage, and ATM access. If you have more questions or need further assistance, feel free to ask or check the extended services page!