MANAGEMENT

Detailed explanation-1: -Checking account: A checking account offers easy access to your money for your daily transactional needs and helps keep your cash secure. Customers can typically use a debit card or checks to make purchases or pay bills.

Detailed explanation-2: -What are the different types of checking accounts? Some of the different types of checking accounts are regular (basic) checking accounts, premium checking accounts, student checking accounts, senior checking accounts, interest-bearing accounts, business checking accounts, and rewards checking accounts.

Detailed explanation-3: -A demand deposit account (DDA) is a bank account from which deposited funds can be withdrawn at any time, without advance notice. DDA accounts can pay interest on the deposited funds but aren’t required to. Checking accounts and savings accounts are common types of DDAs.

Detailed explanation-4: -A checking account is a type of bank account that allows both withdrawals and deposits. These accounts can be accessed in several ways, including checks, debit cards, and ATMs and can be opened with no minimum deposit or for a small minimum deposit, depending on the type of account.

Detailed explanation-5: -Checkable deposits are bank accounts against which checks can be drawn. A few examples of checkable deposits include checking, savings, and money market accounts.