chequing account

Everyday banking deposit

A chequing account is a bank account for everyday transactions—deposits, withdrawals, and payments by cheque or debit card.

The spelling is Canadian and British; Americans write checking account.

Unlike savings accounts, chequing accounts typically earn little or no interest but offer easy access to funds: I'll transfer money from savings to chequing.

banking

overdraft

Spending past zero

routing number · bank statement · financial institution · debit card · online banking · mobile app · interest-free · minimum balance · service charges

cheques

checkbook

Bound payment drafts

memo line · void · counterfoil · stop payment · clearing

transactions

debit

Subtraction from account

EFT · clearing · standing order · recurring payment · transaction history · pending transaction · wire transfer · e-transfer · payment processing · transaction limit

withdrawals

ATM

Automated banking kiosk

cash dispenser · ATM fee · available balance · instant access

deposits

direct deposit

Funds sent to account automatically

mobile deposit · cash deposit · pay stub · income · earnings

Opposites
account purpose

chequing accountsavings account

Interest-bearing bank holding

investment account · certificate of deposit · term deposit · fixed deposit · CD

Family

cheque, chequing, check, checking, checks, cheques, checked, checker, checkers

Familiarity
Top 500,000
Profile
Timeless · Concrete · Everyday, not technical · Rated G