Commerce Glossary

A comprehensive resource to help you master the language of commerce.
What commerce term are you interested in?
Search Results for ""...

What is a Checking Account?

check - ing ac - count
noun
A checking account is a deposit account held at a financial institution that allows withdrawals and deposits.
How Does a Checking Account Work?

Also called transactional account, a checking account allows easy access to money, being accessed using checks, ATMs and electronic debit cards, among other methods. Transactions are debits to a checking account, while a credit is a deposit. Money stored in a checking account is usually spent on a daily basis, for most transactions.

Simplify the eCommerce process. Try 2Checkout.
The most flexible digital commerce platform that can give your business a real boost.