Checking accounts can be set up as individual accounts, joint accounts, specialized accounts and business accounts. You can apply in-person or online, and you have the option of working with a financial professional throughout the process.
Watch the video to learn more about Checking Account Basics, then test your knowledge at the end of the lesson.
Which of the following is not a type of checking account?
A. Individual account
B. Joint account
C. Flexible spending account
D. Student account
When comparing checking accounts, you should consider features like account management fees, minimum balance requirements, and:
A. Online access and customer reviews
B. Location of corporate headquarters
C. Number of current account holders
D. FDIC certification and balance limits
Your approval to open a checking account is guaranteed, even if you have a history of fraud or writing bad checks.
A. True
B. False