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A checking account is the most basic personal finance tool. The average bank has a variety of different departments that all work together to provide services to individual customers and businesses alike. If you're watching your pennies and sticking to a budget, it doesn't make sense to pay for the privilege of ke. There are other financial services that banks provid. It's used for making direct deposits and for sending money out of your account via a check or automated clearing house (ach) payment.
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To most people, the process of opening a bank account can be intimidating and tiresome.
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