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DDA vs Checking

A checking account is a bank account from which individuals can withdraw funds in several ways. Individuals may write checks that draw from their checking account, use debit cards to make transactions or withdraw money from automated teller machines or set up automatic debits and payments. A DDA is the most common form of checking account. In most cases, money can be withdrawn from demand deposit accounts without giving the bank advance notice, but the Consumer Financial Protection Bureau reports that some banks may require up to six days of advance notice.


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