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A checking account is a service provided by financial institutions (banks, savings and loans, credit unions, etc.) which allows individuals and businesses to deposit money and withdraw funds from a federally-protected account.
Wiki User
∙ 12y ago
Wiki User
∙ 15y agoA current account; a bank account from which money can easily be transferred, by check(US)/cheque(UK) or other means.
A transactional account (North America: checking account or chequing account, United Kingdom and some other countries: current account or cheque account) is a deposit account held at a bank or other financial institution, for the purpose of securely and quickly providing frequent access to funds on demand, through a variety of different channels. Because money is available on demand these accounts are also referred to as demand accounts or demand deposit accounts. Transactional accounts are meant neither for the purpose of earning interest nor for the purpose of savings, but for convenience of the business or personal client; hence they tend not to bear interest. Instead, a customer can deposit or withdraw any amount of money any number of times, subject to availability of funds.
Wiki User
∙ 9y agoA checking account allows someone to deposit money in a bank for safekeeping. When the account holder needs money, he can write a check or have it drafted from his bank account.
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how to check account?
how to check account
How you check your gpf account?
Yas check my account
Check balance in my account of sbi?
You can register for an online account to check the balance of your SBI account. You can also call SBI and check your balance.
Check your account balance by account number?
Yes it is account nmhkljuopl
Is it forgery if a spouse writes a check out of a single account?
It depends: a. No - If the spouse writes a check out of a single account held by the person writing the check b. Yes - If the spouse writes a check out of a single account that is held by their spouse and the person writing the check is not a joint owner of the account. To be simple: Writing a check from an account that is not held by the person writing the check is a crime.
How do you check online obc bank balance?
I want to check balance. and my account no. is 01862191025786.
how to check my account on line?
how do I check my account on line? I want my remaining balance I want to check my bank statements.
Which type of checking account charges a small fee for every check that clears the account?
Cost-per-check account
Where can an account number be found on a check?
The account number on a check can be found on the on the lower part of the check. One's account number is the second set of numbers on the bottom left hand corner of a check.
Can you deposit a check into a savings account?
No. A check can be deposited only into the account of the individual to whom the check is made out (issued) to. Depositing it into someone else's account is not allowed and even if done by mistake, the check will not be cashed and no payments will be made.
Can you cash a check from the bank that the person who issued the check it to you without opening an account?
I am receiving a check from a lawyer and it has been in his account for ten days can I cash it at the bank he has the account at
Can you desposit a check is an account that's not my with my signiture?
It depends: a. If the check is in your name (As Payee) - then No. Such a check can only be deposited into your own bank account b. If the check is in someone elses name - then Yes, you can deposit such a check into the account of the person to whom the check is addressed.
