| a bank deposit against which checks can be drawn by the depositor. |
| check·ing account (chěk'ĭng) n. A bank account in which checks may be written against amounts on deposit. |
Checking Account
A deposit account for funds intended for quick turnover. Checking accounts offer very low interest on unused cash balances.
Investopedia Commentary
You're lucky if your checking account earns more than the rate of inflation!
See also: Demand Deposit, Money Market Account, Savings Account, Stop Payment, Sweep Account
Also spelled: chequing account
