A basic account is: * An account where you can save money.
An account where your income goes.
An account that allows you to borrow money from the bank.

An account where you can save money.

Explanation:

A basic bank account is designed to assist low-income earnest or persons with a poor credit score manage their finances. It offers a platform where they can save and perform basic banking transactions such as deposits and withdrawals.  Basic bank accounts have restricted features. Overdrafts, checkbooks, credit cards, or debit cards are not offered. Basic accounts are primarily for providing a savings platform.

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