Among the different types of bank accounts, checking accounts are prominent as these accounts deliver the opportunity of easy accessibility to the customers. You can take the help of debit cards or personal checks to access these accounts.

You might not get decent interests from checking accounts, but the management of everyday finances becomes easier with the cash withdrawal and bill payments features that these accounts offer. Checking accounts come in different types, and this article discusses some of these types, along with their benefits:

• Online checking accounts
  These accounts work on the online platform, which carries no fees, and it also provides all-time accessibility to the customers. In the modern age of digital commerce, online checking accounts are rapidly taking the front seat.
• Free checking accounts
  A free checking account generally charges for the services like bank statement handling and account overdrafts, but it does not have any constant fees. A general checking account can carry a constant fee of $160, unlike the free variant, due to which a free account possesses a higher demand.
• Joint accounts
  Joint checking accounts are often chosen by married couples. They deliver the benefit of keeping all the money in a single account, which eases the task of meeting the daily finances.
• Money market accounts
  The money-market account provides customers with extensive interest yields that are much higher than the traditional ones. You might, however, experience a limit on the monthly withdrawals that can be made from these accounts.
• Student accounts
  The student’s version of a checking account has minimum fees, and complementary deals are often offered by banks for the young consumers who take this type of account.
• Business accounts
  A checking account needed for a business should handle a large number of transactions. They are efficient to handle a number of transactions in a given period of time.

Benefits of checking accounts
There are some outstanding benefits of holding a checking account that you must know about:

• Proper access to money
  With a checking account, a customer can access money from the bank while not carrying cash, which enables them to make convenient monetary transactions whenever in need.
• Cash withdrawal from the ATM
  This type of account allows the customer to use the ATM for cash withdrawal, which makes buying daily goods easier and faster.
• An employer can deposit the paycheck directly
  These accounts provide the convenience of the employer being able to drop the paycheck directly into the employer’s account. As a result, there is no hassle for the employee or the customer while getting the money. This is the reason why the top raking banks target checking accounts mainly to the working class people.
• Overall access to online banking
  One can get all the benefits of online banking with a checking account. The customer might not need to visit the branch again, making banking time-saving.