checking account noun plural checking accounts Britannica Dictionary definition of CHECKING ACCOUNT [count] US : a bank account from which you can take money by writing checks — called also (British) current account ASK THE EDITOR What are the plural forms of check-in, passerby, and...
checking account inBanking topic From Longman Dictionary of Contemporary English ˈchecking acˌcountnoun[countable]American Englishabankaccountthat you can take money out of at any time, and for which you are givenchecksto use to pay for thingsSYNcurrent accountBritish English→deposit account ...
you may incur a penalty fee or your savings account may be converted to a transactional (checking) account. Sometimes, the bank could even choose to close your account altogether. Every bank is unique, so check your bank’s rules to
Define Checking Accounts. Checking Accounts synonyms, Checking Accounts pronunciation, Checking Accounts translation, English dictionary definition of Checking Accounts. n. A bank account in which checks may be written against amounts on deposit. America
Checking account definition: a bank deposit against which checks can be drawn by the depositor.. See examples of CHECKING ACCOUNT used in a sentence.
Definition of checking account noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
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Definition of Checking Account A checking account is a bank account in which a company deposits money and can subsequently withdraw the money by writing a check, using a debit card, arranging for electronic transfers, etc. Except for the uncollected funds associated with recently deposited checks ...
Anaccountat abankinwhichacustomerdepositsmoneyforimmediateuse.Forexample,onemayutilizeacheckingaccountforone'smonthlyexpenses,suchas amortgagepaymentorgroceries.Becausemostcustomerskeepmoneyin acheckingaccountforashorterperiodthanin asavings account, acurrentaccountpaysaslightlylowerinterest rate.Typically,onecanwr...
Checking accounts often have minimum balances that will need to be met to avoid monthly service fees unless the bank waives the fees, which often happens if the account holder enrolls in direct deposit. From there, a debit card is used to make in-store, online, and phone purchases. Many ...