If Zero Rates Are Gone for Good, What Is a Checking Account Worth to a Bank?

Key Points In the most basic banking model, deposits fund loans, like mortgages. A mortgage REIT uses leverage to buy mortgages. The difference between a bank and an mREIT highlights the importance of checking and bank accounts. 10 stocks we like better than AGNC Investment Corp. › A checking account makes life much easier by allowing you to conduct financial transactions, such as paying bills. A bank account, meanwhile, is a place to safely store money until you need to use it. These are the core services that a bank like Bank of America (NYSE: BAC) provides its customers. But what does Bank of America get out of these accounts?