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No. A share account is essentially a savings account...

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13y ago

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What is a checking account frequently referred to as?

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


What is a type of checking account that also earns interest these accounts generally have a minimum balance?

a type of checking account that also earns intrest


Why is a savings account better than a checking account?

A savings account may pay higher interest rate than a checking account. Also, you don't have bounced checks, and NSF fees, normally.


Do I need a SSN to get a checking account in the US?

Yes, you do need a SSN to get a checking account in the United States. You must provide an ID and also your SSN.


Is it possible to have a checking account without also having a savings account?

Yes, it is possible to have a checking account without also having a savings account. Checking accounts are designed for everyday transactions like paying bills and making purchases, while savings accounts are meant for storing money and earning interest over time. Some people choose to have only a checking account for their immediate financial needs.


How can I share games on my PS3 with another account that's also on my PS3?

you need the account you downloaded the games to give for game share


What are some benefits to a free online checking accounts?

Benefits to having a free online checking account is you don't need to worry about possible fees that might be present like a regular account. Also, you can have easy access to your checking account information online.


what are the benefits of an interest bearing checking account?

In todays world many checking accounts carry a monthly service fee. Of course, printed checks also cost you money. An interest bearing checking account can pay you and offset the expenses of having the account.


On what accounts does Fulton Bank offer free checking?

Fulton Bank offers two checking accounts with free checking. They have a student account and a regular checking account that are free, meaning they have no fees. They also have no minimum balance and due not accrue interest.


Are suntrust online checking accounts free?

Suntrust banks offer a free online checking account. You can also customize your account to include features that you would like to use.


Does Chase bank have free checking accounts?

Chase Bank does have free checking as long as you have a minimum balance of 100 dollars. there are also interest bearing checking accounts were if you maintain a balance of at least 1500 dollars your account will receive interest on your checking account.


For a small business, what are the benefits of opening a business checking account rather than using a personal checking account?

There are several benefits from opening and maintaining a business checking account rather than using your personal checking account. When you use a business checking account you are segregating your business funds from your personal funds, thus creating better organization for your business. Also, having the business checking account will help at tax time because all your business transactions will be within the business checking account and there will be no need to sort through your personal transactions. Finally, the business checking account will allow you to use a taxpayer identification number (TIN) so the funds can legally be owned by your business, instead of using your social security number on the checking account. For a small business, opening a business checking account allows you to get more interests. In addition, transactions are processed faster compared to a personal account.