Personal checking accounts tend to be more profitable for banks than commercial checking accounts.

Name: Personal checking accounts tend to be more profitable for banks than commercial checking accounts.
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Question

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Commercial checking accounts tend to have higher balances and more frequent transactions, which can lead to more fees and interest earned for banks. Personal checking accounts, on the other hand, may have lower balances and fewer transactions, resulting in fewer fees and less interest earned.

Personal Checking Accounts Tend to Be More Profitable for Banks