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What is good about a bank account?

Updated: 8/21/2019
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9y ago

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Banks offer different types of accounts with checking and savings accounts being the most common. One of the benefits of having a bank account is that your money is safe since deposits are insured by the Federal Deposit Insurance Corporation which protects your money if the bank fails. Bank accounts also offer the convenience of having immediate access to your money when necessary. In addition, a checking account provides an easy method for paying your monthly bills or other expenses by writing a check.

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