First off, a checking account is an account at a bank against which checks can be drawn by the account depositor. Or basically, where you can write checks to others.
First answer:
Most checking accounts pay interest on deposits.<span> </span>True, most banks tend to pay interest on deposits. However, <span>some banks will require that you use direct deposit or maintain a minimum balance. </span>Interest-bearing checking<span>: With an </span>interest<span>-bearing </span>checking account<span>, you are </span>paid interest<span> on the money in your </span>account<span>.</span>
B. When you write a check the bank takes money from your account and pays it to the person who submits the check. True, this should be a no-brainer. You're paying the person with a check.
C. The bank keeps track of how much money you have left in your account and sends you a statement each month. A charge is usually made for this service True, this is with almost every bank account.
