What is a Checking Account?

A checking account is a highly liquid, transactional account held at a financial institution that allows you to make withdrawals and deposits on demand. Because of the high liquidity, checking accounts generally pay a very low rate of interest, if any.  


See Also: 

Your DIY Financial Planning Guide

Ask An Advisor: Help! I’m Running Out of Money

How I Ditched My Debt For Good

A Guide to Establishing Separate Bank Accounts 

A Budgeting Solution to Keep You Sane

Earn More in Your Bank Account

It’s Not Personal, It’s Business–at Least, When It Comes to Finances

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