A type of bank account that allows unlimited withdrawals and usually gives no interest on the balance. The account can be set up so that a negative balance produces an instant loan, referred to as Overdraft Protection. The term checking is used in US and Canada. In other countires the term ...
Is there a maximum amount limit on exceeding which the tracking starts? Or does each and every check deposited by me gets tracked by IRS for reconciliatory purposes?
I just found out that US Bank is about to start charging for checking accounts if you don't also have a savings account (or direct deposit). I'll probably just open a savings account, but it prompted ...
Because I know you can draw cheques from a savings account, so what gives?