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 ...

learn more… | top users | synonyms (2)

9
votes
2answers
9k views

Does the IRS track every check deposited by me?

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?
2
votes
6answers
278 views

What's a good free checking account? [closed]

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 ...
3
votes
2answers
9k views

What's the difference between a Chequing account and a Savings account?

Because I know you can draw cheques from a savings account, so what gives?