5. Checking accounts and their fees What Features and Fees Are Associated with Checking Accounts? Checking accounts, or what are more generally called checkable deposits, are accounts that allow account holders to write checks against the balance. In addition to checks, these accounts usually offer debit, or check, cards that account holders can use either in an automated teller machine (ATM) or in a point-of-sale (POS) terminal. What is the difference between checking accounts? There are two major types of checking accounts. The distinguishing characteristic involves which of the following? O The nature of the financial institution that offers the accounts O The payment of interest by some accounts and not others Which of the following are examples of an interest-earning checking account? Check all that apply. Regular checking account Share draft account Negotiable order of withdrawal (NOW) account