What are the benefits and drawbacks of free checking accounts?

What are the benefits and drawbacks of free checking accounts?
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Answer :

The benefits are usually that there are no monthly fees, no minimum balance, and only a small balance needed to open the account. The drawbacks are that you do not earn interest in most free checking accounts, and you are limited in the services that you can use. For most regular people, a free checking account serves them well. For wealthy people, free checking does not allow them to gan interest on the large amount of money they have,
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