Can you have a checking and savings account 2024?
I'll answer
Earn 20 gold coins for an accepted answer.20
Earn 20 gold coins for an accepted answer.
40more
40more
Studied at Yale University, Lives in New Haven, CT
Banks can't count on your money staying in checking accounts very long, so they have to hold a greater amount of your money in reserve than they would for a savings account, and they can't lend it out. Instead, they make money on checking accounts through fees.
2023-05-16 11:51:08
评论(499)
Helpful(122)
Helpful
Helpful(2)

Julian Wilson
QuesHub.com delivers expert answers and knowledge to you.
Banks can't count on your money staying in checking accounts very long, so they have to hold a greater amount of your money in reserve than they would for a savings account, and they can't lend it out. Instead, they make money on checking accounts through fees.