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checking account
Definition
An account which allows the holder to write checks against deposited funds. Checking accounts which pay interest are sometimes referred to as negotiable order of withdrawal (NOW) accounts. The interest rate often depends on how large the balance in the account is, and most charge a monthly service fee if the account balance falls below a preset level.
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5 Reasons to Keep Banking Costs DownKeep banking costs down. With planning, you can sidestep some of the more costly fees and penalties. Examples:
1. With credit cards, try to pay the card balance in full each month to avoid intere ... Read more
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Additional Tip(s)
- How to Build a "Rainy-Day" Fund
- 4 Types of Bank Overdraft Programs
- Late Payment Fees
- 9 Tips for Safeguarding Your Accounts (3 of 9)
- Preventing Overdraft Charges on Your Checking Account
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- Questions to Ask About a Checking Account
- How to Choose and Use a Checking or Savings Product
- Going Green While Banking
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