Checking Account: A checking account is a deposit account held at a financial institution that allows withdrawals and deposits . Also called demand accounts or transactional accounts, checking ...
A checking account is a bank account that allows easy access to your money. Also called a transactional account, it’s the account that you will use to pay your bills and make most of your financial transactions. If you have a checking account you can access your money by writing a check, setting up an automatic transfer or using your debit card.
Checking account definition is - a bank account against which the depositor can draw checks.
Definition of checking account: a bank account which pays little or no interest, but from which the customer can withdraw money when he or she wants by writing checks. ... A check is physical, legal contract that effectively represents a promissory note to pay the amounts indicated in numeric and written values, to the payee designated in the ...
Checking account definition, a bank deposit against which checks can be drawn by the depositor. See more.
Definition of a Checking Account. Strictly speaking, the only thing that defines a checking account is the ability to write checks. However, modern checking accounts include debit cards you can use to withdraw money at an ATM or swipe to make direct purchases, just like a credit card.
checking account meaning: 1. a bank account that you can take money from at any time and that usually earns little or no interest 2. a bank account from which you can take money or make payments using a check 3. → current account. Learn more.
Define checking account. checking account synonyms, checking account pronunciation, checking account translation, English dictionary definition of checking account. ... checking account; Checking Accounts; Checking Accounts; checking against; checking against; checking against; checking against; checking against; Checking and Measurement ...
Definition: A checking account is a variety of deposit accounts held by a bank or credit union (financial institution) that allows a customer to deposit and/or withdrawal funds on a normal basis.Checking accounts are considered to be the most liquidvariety of deposit accounts in that the funds are available immediately and are accessible through a variety of withdrawal methods.
Free checking — For most people, this is the best checking account. Bankrate.com’s definition of a free checking account is “no monthly service charges or per-item fees regardless of balance ...