What is one characteristic of interest-bearing checking accounts?

Interest-bearing checking accounts are designed to earn interest on the account balance, which is a key feature that distinguishes them from standard checking accounts. This means that as long as there is money in the account, it will generate interest over time, providing a benefit to the account holder. This is particularly attractive for individuals who want to earn a return on their funds while still having access to them for everyday transactions.

While some interest-bearing checking accounts may have fees or minimum balance requirements, these characteristics are not defining features of all such accounts. Additionally, interest-bearing checking accounts are available to both individuals and businesses, making the option exclusive to businesses incorrect. The primary and defining characteristic is indeed the ability to earn interest on the balance.