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Checking Account

   Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson 0.06 sec.
Checking Account
A deposit account for funds intended for quick turnover. Checking accounts offer very low interest on unused cash balances.

Notes:
You're lucky if your checking account earns more than the rate of inflation!


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In general, you should always keep enough in your checking account to cover at least three month's worth of expenses.
While other checking accounts try to get by with less, a Washington Mutual Free Checking account is over the top.
Consumers also may be able to establish an overdraft line of credit or link a checking account to a credit card.
 
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