checking account definition

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. British term current account.

What Is A Checking Account Full Definition Https Forexinworld Com Checking Account Forex Forextrader Invest Checking Account Full Definition Accounting

A bank account that you can take money from at any time and that usually earns little or no.

. You agree that all such fees and charges will be deducted from the Bank checking account designated as the Primary Checking Account on your Enrollment FormYou also agree that your online payment will be charged to your Primary. Noun Canadian chequing account North American. A checking account is a type of bank deposit account that is designed for everyday money transactions. Checking accounts allow you to easily access your funds in several ways.

N Canadian an account at a bank or building society against which cheques may be drawn at any time. You can access your money by withdrawing cash at an ATM or branch writing a check sending an e-check setting up an automatic transfer or using your debit card. Checking accounts serve as a persons primary day-to-day resource of funds where cash can be withdrawn or deposited and various payments can be made. A checking account is a type of deposit account that can be opened at a bank or credit union allowing you to deposit and withdraw money quickly.

Savings accounts have higher interest rates than checking accounts meaning it is. Learn the definition of a checking account explore the advantages of the different types of accounts and. Heres how they work. Translate checking account into Spanish.

The money in a savings account however is not intended for daily use but is instead meant to stay in the account be saved in the account so that it might earn interest over time. Because most customers keep money in a checking account for a shorter period than in a savings account a current account pays a. The account holder can quickly deposit and withdraw funds multiple times using ATM net banking wire transfer cheques credit cards and debit cards. An account at a bank against which checks can be drawn by the account depositor.

Additionally it provides superior liquidity. A checking account is a transactional account that allows for regular withdrawals. The bank account on which checks are written or drawn. Definition of checking account written for English Language Learners from the Merriam-Webster Learners Dictionary with audio pronunciations usage examples and countnoncount noun labels.

Checking account synonyms checking account pronunciation checking account translation English dictionary definition of checking account. Meaning pronunciation translations and examples. Heres a look at features and how to pick the best one for you. A bank account in which checks may be written against amounts on deposit.

For example one may utilize a checking account for ones monthly expenses such as a mortgage payment or groceries. Definition of checking account in English. A checking account is a bank account that allows multiple deposits and withdrawals. Checking account definition a bank deposit against which checks can be drawn by the depositor.

Checking Account Definition. The debit card can then be used to make electronic payments or cash withdrawals from an ATM. An account at a bank in which a customer deposits money for immediate use. Checking accounts are the way for most people to pay bills and make day-to-day purchases.

A bank refers to checking accounts as demand deposits. A checking account is a deposit account which is a bank account you can use to hold and withdraw money. If you close your Primary Checking Account you must contact us immediately to designate another account as your Primary Checking Account. Chequing account synonyms chequing account pronunciation chequing account translation English dictionary definition of chequing account.

Strictly speaking the only thing that defines a checking account is the ability to write checks. The meaning of checking account is a bank account against which the depositor can draw checks. A checking account is a personal bank account which you can take money out of at any time. Today most checking accounts come with a debit card that is linked to the checking account.

A transaction account also called a checking account chequing account current account demand deposit account or share draft account at credit unions is a deposit account held at a bank or other financial institution. A bank account against which the. It is available to the account owner on demand and is available for frequent and immediate access by the account owner or to others as the account owner. Definition of a Checking Account.

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