A checking account is a demand deposit account held by a customer at a bank, credit union, or savings and loan association. Money that is deposited into a checking account can be accessed by writing a check against the deposits without any prior notice to the institution holding the account. Cash can also be withdrawn directly or easily transferred into a another account. Many checking accounts include an ATM or debit card. A checking account generally has very low or no interest accumulation and may have fees associated with it.
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