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What are 3 reasons for having a checking account?

Sagot :

The major reason for having the checking account are financial safety, easy access to your funds, savings from check-cashing fees, and overall financial peace of mind.

Checking account:

In accounting, checking account is the  type of bank account that allows you to easily deposit and withdraw money for daily transactions.

Given,

Here we need to find the 3 reasons for having a checking account.

Based on the given definition we know that the checking account is the that is perfectly suitable for the daily transactions actions.

Therefore, the reason behind the usage of checking account is listed as,

=> helps you manage your day-to-day finances, such as paying your bills,

=> receiving direct deposit of your paycheck, and

=> withdrawing cash from an ATM.

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