Finance & Banking

Checking account

ˈtʃekɪŋ əˈkaʊnt

noun

What does Checking account mean?

The everyday account for spending and bills.

Example sentence

"My paycheck goes into my checking account."

American usage tip

'Current account' is Indian/British English.

Related Finance & Banking words

Savings account
An account that earns interest on stored money.
IRA
Individual Retirement Account.
Zelle
A free instant bank-to-bank payment app.
APR
Annual Percentage Rate — yearly loan/credit cost.
Tax return
The annual filing of your income taxes.
Credit score
A number (300-850) showing how reliable a borrower you are.
Utilization
The percentage of credit limit you're using.
Minimum payment
The smallest allowed credit card payment.

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