BANKING AFFAIRS

Detailed explanation-1: -Checking account: A checking account offers easy access to your money for your daily transactional needs and helps keep your cash secure. Customers can typically use a debit card or checks to make purchases or pay bills.

Detailed explanation-2: -Withdrawal slip helps a person withdraw the necessary amount from his/her bank account. A document used by the account holders to withdraw cash from the bank is known as withdrawal slip. Withdrawal slip helps to keep a record of the details of the withdrawal amount.

Detailed explanation-3: -A checking account might be just what you’re looking for. It’s a bank account used for everyday deposits and withdrawals-that means putting money into your account, taking it out or using your debit card in the place of cash.

Detailed explanation-4: -An official bank statement is typically sent by the bank to the account holder every month, summarizing all the transactions of an account during the month.