checking account


An 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.

Use checking account in a sentence

I opened a brand new checking account and was excited to get started and start using it to put money into.

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You should try to keep more than one checking account so that you have multiple places to store your cash.

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My mother has never heard of savings accounts and instead believes in keeping all of her money in her checking account where she can use it on the same day.

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average collected balance negotiable instrument