Choose as many answers as apply.

Which of the following statements are true of checking accounts?

Most checking accounts pay interest on deposits.

When you write a check the bank takes money from your account and pays it to the person who submits the check.

The bank keeps track of how much money you have left in your account and sends you a statement each month.

A charge is usually made for this service.

Alright, so let's go through each choice.

First off, a checking account is an account at a bank against which checks can be drawn by the account depositor. Or basically, where you can write checks to others.

First answer:

Most checking accounts pay interest on deposits.

True, most banks tend to pay interest on deposits. However, some banks will require that you use direct deposit or maintain a minimum balance. Interest-bearing checking : With an interest - bearing checking account, you are paid interest on the money in your account.

B. When you write a check the bank takes money from your account and pays it to the person who submits the check.

True, this should be a no-brainer. You're paying the person with a check.

C. The bank keeps track of how much money you have left in your account and sends you a statement each month. A charge is usually made for this service

True, this is with almost every bank account.

So, this should be all of the above.