Good point about the "checking account" phrasing. I agree we should be more careful here. In my mind, traditional checking accounts are characterized by two ort

Good point about the "checking account" phrasing. I agree we should be more careful here. In my mind, traditional checking accounts are characterized by two orthogonal features. 1) They offer money management features (debit cards, ATM, bill pay, check writing, scanning checks etc), and 2) they provide low volatility investing. Financial Choice offers 1) but gives you more choices with 2).