What is a checking account?

A checking account is a transactional account used for everyday transactions. Funds can usually be accessed by check, debit card, cash withdrawal or deposit in a branch or by ATM. Since checking accounts are meant to be transactional, most of them do not accrue interest, though some checking accounts do offer interest.

More Checking Account FAQs

What is the difference between a checking and savings account?

Do checking accounts earn interest?

How do checking accounts work?

Is a debit card a checking or savings account?

What is the advantage of having a checking account?

Are checking accounts insured?

How often should you typically monitor your checking account?