What is a common feature of a checking account?

A common feature of a checking account is the presence of a debit card. A debit card is linked directly to the checking account, allowing account holders to easily access their funds for purchases, bill payments, and withdrawals at ATMs. The convenience of a debit card facilitates everyday financial transactions and provides seamless access to the money in the checking account.

In contrast, while high interest rates may be associated with some types of savings accounts, they are not typically a feature of checking accounts. Automatic savings, which may be offered by certain banks to help customers set aside money regularly, is not a standard characteristic of checking accounts. Lastly, insurance on deposits, such as FDIC insurance, is a safety feature for bank accounts in general but is not unique to checking accounts and does not directly facilitate transactions or everyday banking needs.