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29 December, 08:17

Which type of bank account is best for everyday transactions

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Answers (2)
  1. 29 December, 09:56
    0
    The correct answer is Checking Accounts.

    Explanation:

    When choosing an account to use daily, you should always choose a checking account. This is because if our account is going to have movements every day, such as purchases, deposits or withdrawals, this will be the best option.

    It would not make sense to use a savings account since if we touched the money in that account constantly, we could not save anything, since the bank would not generate interest.

    Given this information, we can say that the best account for everyday transactions is checking account.
  2. 29 December, 10:35
    0
    Checking accounts

    Explanation:

    They are better for everyday transactions such as purchases, bills and ATM withdrawals. They also Have lower interest. Savings Accounts would be better for storing/Earning interest.
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