Definition, Meaning & Synonyms
chequing
Noun
/ˈtʃɛkɪŋ/
Definition
A type of bank account that allows for withdrawals and deposits while providing easy access to funds.
Examples
- I deposited my paycheck into my chequing account.
- She uses her chequing account for all her monthly expenses.
- Most banks offer free chequing accounts with no minimum balance.
Meaning
Chequing accounts are primarily used for everyday transactions, such as paying bills and making purchases.
Synonyms
- checking account
- current account
- transaction account
