checking account
DefinitionAn account which allows the holder to write checks against deposited funds. Checking accounts which pay interest are sometimes referred to as negotiable order of withdrawal (NOW) accounts. The interest rate often depends on how large the balance in the account is, and most charge a monthly service fee if the account balance falls below a preset level.
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checking account is ...
... part of the Banking subject.
... part of the Banking subject.
Related Terms
account reconciliation, checkbook, Federal Reserve System, M1, checkbook register, money market account, money market deposit account, narrow money, Zero Balance Account, automatic transfer service account
checking account appears in the definitions of these other terms on BusinessDictionary.com
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