Checking Account

A type of bank account that allows the owner to deposit, withdraw, and manage their money using checks, debit cards, and electronic banking services.

More Details

A checking account is a type of bank account that allows account holders to easily deposit and withdraw money, pay bills, and write checks. They are called "checking" accounts because account holders can write checks to pay for expenses and purchases, rather than paying with cash or a credit card. Checking accounts usually have a lower interest rate than savings accounts and do not require a minimum balance to be maintained.

Example

You receive your bi-weekly paycheck, and it is deposited into your checking account for your easy access.

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