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(i) Can withdraw any amount without giving a notice.
(ii) Can pay using postdated cheques when it does not have money.
(iii) Cheques serve as evidence of the payments made.
(iv) It can enjoy overdraft facilities.
(v) Payment is made very convenient because of cheques.
(vi) It will not be required to maintain any minimum balance.
(vii) Money is withdrawable on demand.
maurice.mutuku answered the question on June 27, 2017 at 05:52
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