CHECKING ACCOUNT: For deposit and withdrawal of money in a bank or financial institution, there is a deposit account called a checking account. Its’ benefit is its liquidity, it allows as much deposit and withdrawal to take place, unlike less liquid accounts. It is also known as the demand account or withdrawal account for as much withdrawal and deposit as the customer demands which is not found in saving accounts or other accounts as they have a limit to it. Its’ tradeoff is that its’ doesn’t offer much interest. The deposit and withdrawal are made by ATM, electronic credit or debit card, and checks. CHECKING ACCOUNT OPTIONS: These accounts are set up at the financial institution’s website or at a bank branch. The money can be deposited in the checking account via ATM, direct account, or over the counter deposit. The withdrawal of money from these accounts is through ATM, electronic /credit cards, and checks. With the advancement of technology, deposits are made by electronic transfer, there are automatic payment options for the routine payment made every month, and the smartphone is also used for this purpose. This means that the payment can be withdrawn and deposited without writing checks or mailing paper checks. For usage checking accounts have commercial and business accounts, student accounts, and joint accounts too. Business accounts are owned by business authorities for their commercial...