Definition, Meaning & Synonyms

checking-deposit

noun

/ˈʧɛkɪŋ dɪˈpɒzɪt/

Definition

A checking deposit is the act of placing money into a checking account, which can then be used for everyday transactions.

Examples

I made a checking deposit at the bank this morning.
My checking deposit cleared quickly, allowing me to use the funds immediately.
He regularly makes checking deposits to keep his balance steady for monthly expenses.

Meaning

When you add funds to your checking account, it is referred to as a checking deposit. This money can then be accessed through checks, debit purchases, or ATM withdrawals.