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Tagged: bank number, chase bank account, checking account
Meaning:-
A checking account (also called a “demand account” or “transactional account”) is a transactional deposit account that allows for withdrawals and deposits at a financial institution .Money held in a checking account is very liquid,and can be withdrawn using cheques, automated cash machines, and electronic debits, among other methods.
Sentence Formation:-
Checking accounts are offered by most banking institutions for a minimal fee or no fee at all.
Related Words:-
Cheques,Current Account,Trading Account,ZBA,Financial Institution
Checking Account
A deposit account held with a financial institution that allows for withdrawals through checks, automated teller machines, or debit cards. Typically pays no interest or lower interest rate as compared to Savings account.
In exchange for the liquidity, checking accounts typically do not offer a high interest rate, but if held at a chartered banking institutions will be FDIC guaranteed up to $ 100000 per individual depositor.
Checking accounts is a transactional deposit held at a financial institution that allows for withdrawal and deposit.
Money held in a checking accounts is very liquid and can be withdrawn using checks automated cash machine and electronic debits among other methods.
A checking account offers easy access to your money for daily transactional needs and helps and helps to keep your cash secure.
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