Problemas
What is the primary advantage of a Reward Checking Account? No monthly maintenance fees Access to in -person banking No ATM fees High interest rates and added perks
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maestro · Tutor durante 5 años
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(310 Votos)
Respuesta
D
Explicación
## Step 1A Reward Checking Account is a type of bank account that typically offers high interest rates and additional benefits to the account holder. These benefits can include features such as no monthly maintenance fees, no ATM fees, and access to in-person banking. However, the primary advantage of a Reward Checking Account is the high interest rates and added perks.## Step 2The high interest rates in a Reward Checking Account allow the account holder to earn more on their deposits compared to traditional checking accounts. This is because the bank rewards the account holder for maintaining a certain balance or for meeting certain criteria, such as making a certain number of transactions per month.## Step 3The additional perks that come with a Reward Checking Account can include features such as no monthly maintenance fees, no ATM fees, and access to in-person banking. These perks can make the account more convenient and cost-effective for the account holder.## Step 4 it's important to note that the specific benefits and terms of a Reward Checking Account can vary from bank to bank. Therefore, it's always a good idea to carefully review the terms and conditions of any account before opening it.