Checking account

A checking account is a bank account from which funds can be withdrawn by writing a check. Funds can also be withdrawn from this account with an automated teller machine or via an electronic debit. This type of account pays little or no interest. However, depending on the institution at which a checking account is located, the federal government guarantees the deposited funds, up to a preset maximum level.

Related Courses

Corporate Cash Management 
Payables Management