What type of account allows multiple payments or transactions?

A covered account typically refers to a type of financial account that is subject to certain regulations, often related to identity theft protection for users. However, the answer regarding an account that allows for multiple payments or transactions is not covered by this option.

In this context, a joint account is specifically designed to allow two or more individuals to manage the same account together, enabling all holders to conduct multiple transactions, such as deposits and withdrawals, without restrictions that might apply to other account types. This kind of account fosters shared access and management of finances among the account holders.

The other account types listed do not provide the same functionality as a joint account. A limited account would restrict the ability to perform certain transactions, typically set to safeguard funds or limit access to individuals. A special account might refer to specific financial arrangements with conditions that do not necessarily lend themselves to unlimited transactions.

Therefore, the most fitting choice for an account that allows multiple transactions is the joint account, as it is designed to operate concurrently by multiple individuals.