Definition of checking accounts in English English dictionary
Checking Accounts are Bank Deposits which usually allow unlimited withdrawals by check, ATM, or transfer Some Checking Accounts pay interest, but the rate is often lower than that paid on Savings Accounts or Bank Money Market Accounts
- Deposits in a checking account give individuals quick, convenient, and immediate access to money in their account Money is accessed through the writing of a check, which transfers money to the person or business named Some checking accounts pay interest (NOW accounts), but most do not institutions may impose fees on checking accounts, along with a charge for the checks
Checking Accounts are FDIC-insured bank deposits which usually allow unlimited withdrawals by check, ATM, or transfer Some Checking Accounts pay interest, but the rate is often lower than that paid on Savings Accounts or Bank Money Market Accounts
Type of account which enables customers to withdraw their own available funds simply by writing a check For more information on LaSalle Bank products, click here
An agreement that allows you to write a check for payment from deposits in a financial institution Some credit unions call a checking account a share draft account
A checking account is a personal bank account which you can take money out of at any time using your cheque book or cash card. a bank account that you can take money out of at any time, and for which you are given checks to use to pay for things British Equivalent: current account deposit account