BANKING AFFAIRS

Detailed explanation-1: -Checking accounts allow you to deposit money that you can then draw against to pay bills or make purchases. They also may be called transactional accounts. Checking accounts are different from savings accounts because-rather than being designed to hold money for the long-term-they’re meant for everyday use.

Detailed explanation-2: -What is a checking account? A checking account is a deposit account you use to pay for everyday expenses like groceries, gas and bills.

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: -A checking account is a deposit account at a financial institution that allows for withdrawals and deposits of cash. Checking accounts serve as a person’s primary day-to-day resource of funds, where cash can be withdrawn or deposited and various payments can be made.

Detailed explanation-5: -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.