What is a checking account?

Answer Checking accounts allow consumers to make purchases with checks and debit cards instead of cash. Many banks offer several different types of checking accounts. The type you choose depends on your n... Read More »

Top Q&A For: What is a checking account

How many yearly transfers can I have from my PayPal account to my checking account?

Once the identity of the user is verified, there are no limits to the number of transfers that can be requested in one year. PayPal has a limit on the amount of money that can be withdrawn in a one... Read More »

Is a Money Market Checking Account Also a Savings Account?

Money market deposit accounts (MMDAs) are bank savings accounts that have some of the withdrawal capabilities of checking accounts. Some people think money market accounts are checking accounts bec... Read More »

What is the definition of a checking account?

A checking account is an account at a banking institution in which checks may be written to make payments. It allows you to withdraw and deposit funds from a federally protected account. Checking a... Read More »

At what age can you have a checking account?

A person in the United States can open a checking account at any age. However, if you are under 18 years old, opening a bank account requires a parent or legal guardian's signature. Some banks hav... Read More »