Checking account

A checking account is a deposit account held at a financial institution that allows withdrawals and deposits. Also called demand accounts or transactional accounts, checking accounts are very liquid and can be accessed using checks, automated teller machines and electronic debits, among other methods.

In Britain the term is "current account".

Checking Account Media

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  1967 letter by the Midland Bank to a customer, informing on the introduction of electronic data processing and the introduction of account numbers for current accounts

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  The cheque was the traditional mode of payment for a transactional account.

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  An Automated Teller Machine (ATM)