What is a checking account?

[Grayson]

What is a checking account, and how is it used for daily transactions?
How is a checking account different from a savings account?
Do checking accounts always come with debit cards and monthly fees?

 

[Dylan]

A transactional bank account in use on a daily basis is called a checking account. It enables you to transfer money and use a debit card, a check or electronic wire to buy or pay bills, which usually does not have a limit on monthly usage and has a small interest.

 

[henry]

A checking account is your daily money place and it is where you pay bills, swipe with your debit card, get cash or transfer money without any hassle. In contrast to savings (which is to store and increase money), checking is to be used regularly, and most of them are available with debit cards, the fees are based on the bank, and many of them have no-fee opportunities under certain simple conditions.

 

[Greeeec]

A checking account is a bank account used for everyday transactions. It allows you to deposit and withdraw money, pay bills, write checks, use a debit card, and make electronic transfers easily and frequently.

 

[James Miller]

A checking account is a type of bank account that is used in performing the daily transactions like deposits, withdrawals, bill payments, and purchases using a debit card and where money is readily available to the user with some facilities like checks, online banking, and access to ATM.