What type of account commonly used by individuals allows for direct deposit and checks?

A checking account is designed specifically for everyday financial transactions, making it a convenient option for individuals who require features such as direct deposit and the ability to write checks. It allows for quick access to funds for making purchases, paying bills, and transferring money, which are integral to managing day-to-day expenses.

Most banks offer checking accounts that come with a debit card for easy access to funds via ATMs or for in-store purchases. Additionally, the ability to set up direct deposit enables individuals to receive their salaries or other payments directly into their accounts, eliminating the need for paper checks. Checks can also be written for various payments, providing another layer of flexibility in managing finances.

In contrast, other account types such as trust accounts, savings accounts, and health savings accounts serve more specific purposes. Trust accounts are used for managing assets on behalf of beneficiaries, while savings accounts focus on earning interest and typically limit the number of withdrawals or transactions. Health savings accounts are designated for medical expenses and come with unique tax advantages but do not function as general transactional accounts like checking accounts do.