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ARTICLE: 10 Reasons to Open a Checking Account You might be wondering why you even need a checking account. Why not just deal in cash? Skim the 10 reasons in this article and their descriptions. Then answer the questions. 1. Which 4 reasons to open an account would benefit you personally, the most? Keeping your money safe More options for paying Easier to deal with checks Makes paying bills easier Makes a paper trail to track your money Ability to get cash from an ATM 2. What is the benefit of making sure your account is FDIC/NCUA insured?

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ARTICLE: 10 Reasons to Open a Checking Account
You might be wondering why you even need a checking account. Why not just deal in cash?
Skim the 10 reasons in this article and their descriptions. Then answer the questions.
1. Which 4 reasons to open an account would benefit you personally, the most?
Keeping your money safe
More options for paying
Easier to deal with checks
Makes paying bills easier
Makes a paper trail to track your money
Ability to get cash from an ATM
2. What is the benefit of making sure your account is FDIC/NCUA insured?

ARTICLE: 10 Reasons to Open a Checking Account You might be wondering why you even need a checking account. Why not just deal in cash? Skim the 10 reasons in this article and their descriptions. Then answer the questions. 1. Which 4 reasons to open an account would benefit you personally, the most? Keeping your money safe More options for paying Easier to deal with checks Makes paying bills easier Makes a paper trail to track your money Ability to get cash from an ATM 2. What is the benefit of making sure your account is FDIC/NCUA insured?

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DaisyVeteran · Tutor for 10 years

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1. The four reasons that would benefit me the most are:<br /> - Keeping your money safe<br /> - More options for paying<br /> - Makes paying bills easier<br /> - Ability to get cash from an ATM<br />2. The benefit of making sure your account is FDIC/NCUA insured is that it provides insurance protection for your deposits, ensuring safety up to $250,000 in case the bank fails.

Explain

1. **Four Personal Benefits**:<br /> - **Keeping Your Money Safe**: This reduces the risk of theft or loss of money when you carry cash.<br /> - **More Options for Paying**: A checking account provides you with avenues such as debit cards, online transfers, and checks making payments more flexible.<br /> - **Makes Paying Bills Easier**: With online banking, you can automate your bill payments, ensuring that you never miss a payment and avoid late fees.<br /> - **Ability to Get Cash from an ATM**: Having access to an ATM allows you to withdraw cash conveniently at any time without needing to visit a bank branch.<br /><br />2. **Benefit of FDIC/NCUA Insurance**:<br /> - **Insurance Protection**: Ensures that even if the bank fails, your deposits up to $250,000 per account are protected, increasing the security of your funds.
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