1.What is the difference btw the interest banks pay you for keeping an account & a fee for an account? 2.When you open a checking account, what do you need to have with you?

3.What are three tips for writing checks?

4.What could happen if you do not keep track of the checks you write?

5.What is it call when you put money into your account?

1.)I guess the difference between holding an account & and an account fee is that checking accounts don't have any interest, and bills and fees are easier with further transactions. It's easier to save money and other stuff like that for a fee like saving accounts.

2.)Many banks require two forms of identification when opening an account in person, such as a Social Security card, driver's license, state ID, passport or birth certificate. You will be able to open an account for credentials provided by your home country if you are not a U.S. resident.

3.)If you do not keep tracks of the checks you write, you could be paid by your financial company an overdraft fee. Your financial institution may disclose this information to other financial institutions and may hesitate for up to seven years to open a checking account for you.

4.)Putting money into your account is called a deposit. A financial word that means money deposited at a bank is a deposit. A deposit is a contract containing a transfer of money for safekeeping to another entity. A deposit may, however, apply to a portion of money used for the distribution of a product as insurance or collateral.

Explanation:

Hope this helps!

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