What types of accounts do banks offer? - II

Many banks also offer no-fee checking and checking accounts that earn interest if you agree to keep a certain amount of money—a minimum balance—in the account. But these accounts are limited to non-business customers.
Banking laws almost always require businesses to use regular checking accounts that do not pay interest. Money market deposit accounts are similar to checking accounts that earn interest, except that they usually pay a higher rate of interest and require a higher minimum balance (often $2,500 or more).
They also limit the number of checks you can write per month. Finally, banks do not always call their accounts by the same names. Often, they choose distinctive names in hopes of attracting customers. But there can be a real difference between one bank’s accounts and another’s, so shop around.