noun a record of money deposited or withdrawn from a checking account
A checking account is a type of bank account that allows for easy access to funds for everyday transactions such as paying bills, making purchases, and withdrawing cash.
Checking accounts often come with features such as debit cards, online banking, and mobile banking apps for convenient management of funds.
Checking accounts are commonly used in budgeting to allocate funds for different expenses and track transactions to stay within budget limits.
Managing a checking account is an important aspect of personal finance, as it helps individuals track their spending, monitor balances, and ensure bills are paid on time.
A writer may mention a character having a checking account to show their financial status or to include details about their daily life.
A psychologist may discuss the importance of managing finances, including having a checking account, as part of overall mental well-being.
A financial advisor may recommend opening a checking account as part of a client's financial planning strategy for easy access to funds and tracking expenses.
A bank teller assists customers with tasks related to their checking accounts, such as depositing checks, withdrawing cash, or updating personal information.
An accountant may reconcile a company's checking account as part of the financial reporting process to ensure accuracy and transparency in the organization's financial records.