asked 12.5k views
1 vote
What is a checking account

2 Answers

3 votes
A checking account is like a savings account but you in a checking you can take money out and on a savings it’s really hard to touch that money once it’s there. Most people including myself have checking accounts it’s for everyday use and instant transactions paying for goods/services
answered
User John Sansom
by
7.7k points
5 votes
A checking account is a deposit account held at a financial institution that allows withdrawals and deposits. Also called demand accounts or transactional accounts, checking accounts are very liquid and can be accessed using checks, automated teller machines and electronic debits, among other methods.

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.