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Answered 2009-06-17 19:32:47

The purpose of a checking account statement, or any type of account statement for that matter, is to keep track of your account and make sure that no fraudulent activity is happening without your knowledge. Better to be safe than sorry!

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The purpose of a checking account verification is to ensure that you live at the address mentioned during the application and that all your documents check out.


"A high interst checking account is a type of checking account that earns interest. Usually these accounts have higher interest than a regular checking account, but not as high as a savings account."


The Balance, SOME info used to set up the account, and your banker


To keep track of the amount of money in your checking account


An online checking account allows you to view your balance and pay bills from your account. Some banks are starting to implement systems where you take a photo of your check and send it to your online account to deposit it.


It means to make sure the numbers the bank statement has matches what you have.


go to your bank and request a copy. if it is not your account you will need a justified cause and a court order.



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A checking account is also called a transactional account or chequing account.


Most banks offer the following services along with a checking account to its customers.ATM/Debit cardCheck bookA passbook or monthly statementOnline bankingTelephone banking



Your bank routing number is on the left side of the checking account and the checking account is next to it.


A business checking account is different from a personal checking account by the minimum amount of desposit. You can read more at www.business.com › Directory › Financial Services › Banking


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Yes it is required by law that you are 18+ to have a checking account.


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Yes. It is mandatory. The bank is supposed to send a periodic statement to its customer to ensure that the customer can keep track of what is happening in their bank account. However, if it is a passbook account, an account where the bank issues a passbook for the account, sending statements is not mandatory because the customer already has a book that contains those details.


First you have to go figure out what bank you want to get a checking account with, go to that bank, tell the person at the desk you want to open a checking account and then go on from there. You can also open a checking account over the phone or on the internet.


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It's easier to spend the money in a checking account.


At Chase, you can have a checking account with one of your parents if you are in high school.



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