According to you what are the key differences between savings accounts and checking accounts?
Answering this teller job interview question in the following way clearly tells the interviewer if the candidate has the basic knowledge regarding this job. Candidates should clearly tell the main differences instead of keeping their answers too short and too long.
Checking Account | Saving Account |
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It is a type of account that is used for everyday transactions and is offered by banks, credit unions, and small lenders. | A saving bank account is an account intended for storing money. |
A checking account does not provide interest over time. | Saving accounts help you to grow your money no matter if you need to access your cash or not. |
Checking accounts comes with debit cards. | Savings accounts are different and do not come with debit cards. |
With a checking account, individuals can perform as many transactions as they want. | Saving accounts are meant for occasional purposes. |
BY Best Interview Question ON 05 Sep 2022