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