Checking accounts may offer all of the following, except
A) account balance insurance in excess of $250,000.
B) stop payment services.
C) overdraft protection.
D) ATM privileges.

Question

Quizplus · Accepted Answer

Checking accounts typically offer features like stop payment services, overdraft protection, and ATM privileges. However, account balance insurance is generally limited to $250,000 per depositor, per insured bank, for each account ownership category by the FDIC in the United States. Therefore, offering insurance in excess of $250,000 is not a standard feature of checking accounts.

Checking Accounts May Offer All of the Following, Except