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Small business banking is entirely different from personal banking. Business bank accounts unlike ordinary checking accounts is not free. Business accounts attract daily or monthly charges depending on the volume of transactions conducted within that time period.
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Checking accounts are one of the services provided by most commercial banks. The reason why they are
so named is because unlike a savings account, a checking account owner does not need to withdraw money and pay with cash rather he can write a check to pay for the goods. Another name for checking accounts is current account (a
term mostly used in the UK)
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