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Checking accounts are nowadays spent via debit cards which can deny transactions if they go over the limit. The name is a historical artifact.
by charcircuit 2mo ago
Checking accounts are nowadays spent via debit cards which can deny transactions if they go over the limit. The name is a historical artifact.
- NobodyNada 2mo agoThe article is about depositing a check as an extension of credit; not spending via check. This creates a creditworthiness requirement that is in practice one of the most common reasons for someone to not have access to a bank account.