I'll give brainliest to first correct distinguish between the costs of having a basic checking account and an interest-bearing checking account. minimum account requirementshidden fees for online andpaper statementsmonthly service feesrestrictions on atm withdrawal amounts

Basic checking account costs; hidden fees for online and paper statements & restrictions on ATM withdrawal amounts.

Interest-bearing checking account costs; minimum account requirements & monthly service fees

Traditional checking accounts are where the one who has the money in the account can withdrawal it, meaning take it out. Savings accounts are more like an investment because then you give the bank permission to access to your cash for long periods of time so they can loan it to get an earn in return. The transfers or withdrawals from this account are restricted, that it does not happen in the checking accounts, although they have conditions.  

With this explained, we can conclude with your