Definition, Meaning & Synonyms
chequing account
noun
/ˈtʃɛkɪŋ əˈkaʊnt/
Definition
A type of bank account that allows for numerous withdrawals and unlimited deposits, often used for everyday transactions.
Examples
- She deposited her paycheck into her chequing account.
- He uses his chequing account to pay for groceries and utilities.
- Many people prefer a chequing account for its convenience in money management.
Meaning
A chequing account is primarily designed for regular banking activities, such as paying bills, receiving salaries, or making purchases.
Synonyms
- current account
- checking account
- transaction account
