Definition, Meaning & Synonyms
checking account
noun
/ˈtʃɛkɪŋ əˈkaʊnt/
Definition
A checking account is a type of bank account that allows customers to deposit money, withdraw funds, and write checks for transactions.
Examples
- She transferred her salary directly to her checking account.
- He used his checking account to pay the monthly bills.
- Many people prefer to use a checking account for daily expenses.
Meaning
It is primarily used for everyday transactions, providing easy access to funds and facilitating payments.
Synonyms
- current account
- transaction account
- bank account
