What is a Checking Account ?

[wesley]

It is a bank account which pays little or no interest, but from which the consumer can withdraw money when he/ she wants by writing cheques.

Checking account is also called as cheques account.

[Vishnu varadhan]

The interest rate often contingent upon a certain amount of money remaining on deposit, other banks and financial institution will charge a small monthly service fee on a checking account that falls below a certain balance.

[Aravind Kumar]

A checking account is a transactional deposit account held ata financial institution that allows forwithdrawalsanddeposits. Money held in a checking account is very liquid, and can be withdrawn using checks, automated cash machines and electronicdebits, among other methods.

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