Question

A disadvantage of a money market account compared to a checking account is that money market accounts _____.

Answer 1

A money market account is not the same as a checking account, but it has similar characteristics as a checking account AND a savings account. In other words, a money market account allows you to transfer and withdraw money from it, and to save money, however a debit card linked to it or you can write checks from it.

There are a few disadvantages to a money market account though. Do you happen to have any choices?