Checking Accounts

Checking accounts are one of the most common banking accounts available. This accounts generally offer the ability to write and cash checks, are are available from most commercial banks and credit unions. These accounts also commonly include access to a debit card, for making purchases and use at ATMs.

These accounts are commonly used for day-to-day transactions, such as paying bills, buying groceries, and paying a mortgage. Some banks offer these types of accounts for free, while others require monthly and/or transactional fees, or that certain minimums be met, such as balance or direct deposit. Some accounts are even interest bearing accounts.

These accounts can generally be accessed in person at a bank branch, with the help of a teller. Many banks also offer telephone access for checking balances and making transfers. Online banking access is also available from many institutions. Other than checking balances, making transfers, and seeing monthly statements, many banks offer bill pay services though their online sites. ATMs are another way to quickly make deposits or withdrawals from the bank. Some banks even offer mail access for certain types of transactions such as depositing checks. Mobile apps for smartphones have also become increasingly common, allowing basic online features, and in some cases the ability to deposit checks from your phone by just snapping a picture of the front and back of the check.

These accounts also normally offer overdraft protection, which allows transactions that exceed the balance, but generally charge fees for this feature.