Checking account definition
/What is a 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A checking account is a bank account from which funds can be withdrawn by writing a check . Funds can also be withdrawn from this account with an automated teller machine or via an electronic debit.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.
Checking Account Fees
The bank at which a checking account resides can impose a number of fees on the account holder. This can include a charge for each check cashed, an overdraft fee, and a charge to print additional checks.
