BANKING AFFAIRS

Detailed explanation-1: -Some accounts charge a fee for each check you write. Depending on the account, you might pay the fee for each check or only when you write more than a certain number of checks (perhaps five) a month. You can buy checks from the bank or through the mail from other companies.

Detailed explanation-2: -Commercial Banks A commercial bank is a type of financial institution that accepts deposits, offers checking account services, makes business, personal, and mortgage loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.

Detailed explanation-3: -A middleman between customers and the capital or debt markets, offering the bank and investing services, is a financial institution. It is a firm that engages in financial and monetary operations, including deposits, loans, investments, and currency exchange.

Detailed explanation-4: -Checking account fees may be charged by banks when customers make certain transactions or fail to maintain a set minimum balance. These fees can add up, but fortunately many of them are also avoidable. Checking account fees to watch out for include overdraft fees, ATM fees and monthly service fees.