Transaction account

checkingchecking accountchecking accountscurrent accountstransactional accountcurrent accountdemand accountdemand deposit accountchequingAccount
A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account held at a bank or other financial institution.wikipedia
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Demand deposit

bank moneydemand depositsscriptural money
A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account held at a bank or other financial institution.
Demand deposits, or non confidential money are funds held in demand accounts in commercial banks.

Credit union

credit unionscaisse populairefederal credit union
A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account held at a bank or other financial institution. Transaction accounts are known by a variety of descriptions, including a current account (British English), chequing account or checking account when held by a bank, share draft account when held by a credit union in North America.
Typical services include share accounts (savings accounts), share draft accounts (checking accounts), credit cards, share term certificates (certificates of deposit), and online banking.

Cheque

Checkingcheckchecks
Access may be in a variety of ways, such as cash withdrawals, use of debit cards, cheques (checks) and electronic transfer.
The person writing the cheque, known as the drawer, has a transaction banking account (often called a current, cheque, chequing or checking account) where their money is held.

Deposit account

depositsdepositbank deposit
A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account held at a bank or other financial institution.

Bank

Bankingbankerbanking system
A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account held at a bank or other financial institution. Transaction accounts are known by a variety of descriptions, including a current account (British English), chequing account or checking account when held by a bank, share draft account when held by a credit union in North America.
Under English common law, a banker is defined as a person who carries on the business of banking by conducting current accounts for his customers, paying cheques drawn on him/her and also collecting cheques for his/her customers.

Debit card

Debit Cardsdebitcard
Access may be in a variety of ways, such as cash withdrawals, use of debit cards, cheques (checks) and electronic transfer.
Fraudulent charges on a debit card can also cause problems with a checking account because the money is withdrawn immediately and may thus result in an overdraft or bounced checks.

Cash and cash equivalents

cash equivalentscashcash (or cash equivalents)
In accounting terms they are considered as cash.

Negotiable order of withdrawal account

NOW accountsnegotiable order of withdrawalnegotiable
In the United States, NOW accounts operate as transaction accounts.
While a negotiable order of withdrawal is essentially identical to a check drawn on a demand deposit account, US banking regulations define the terms "demand deposit account" and "negotiable order of withdrawal account" separately.

Money

monetaryspeciecash
The money supply of a country consists of currency (banknotes and coins) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts).

Bank statement

bank statementsbank accountbank account statement
All transaction accounts offer itemised lists of all financial transactions, either through a bank statement or a passbook.

Transaction deposit

Transaction accountstransactions deposits
In the United States, transaction deposit is a term used by the Federal Reserve for checkable deposits and other accounts that can be used directly as cash without withdrawal limits or restrictions.

Federal Reserve

Federal Reserve SystemUS Federal ReserveU.S. Federal Reserve
Formerly, in the United States, Regulation Q (12 CFR 217) and the Banking Acts of 1933 and 1935 (12 USC 371a) prohibited a member of the Federal Reserve system from paying interest on demand deposit accounts.

Savings account

Savingssavings accountssaving accounts
The other major types of deposit accounts are the transactional account (usually known as a "checking" (US) or "current" (UK) account), money market account and time deposit.

Market liquidity

liquidityliquidilliquid
In economic terms, the funds held in a transaction account are regarded as liquid funds.

Accounting

accountancyaccountantaccounting profession
In accounting terms they are considered as cash.

North America

NorthNorth AmericanNA
Transaction accounts are known by a variety of descriptions, including a current account (British English), chequing account or checking account when held by a bank, share draft account when held by a credit union in North America.

United Kingdom

BritishUKBritain
In the United Kingdom, Hong Kong, India and a number of other countries, they are commonly called current or cheque accounts.

Hong Kong

Hong Kong Special Administrative RegionHong Kong, ChinaHongkong
In the United Kingdom, Hong Kong, India and a number of other countries, they are commonly called current or cheque accounts.

India

IndianRepublic of IndiaIND
In the United Kingdom, Hong Kong, India and a number of other countries, they are commonly called current or cheque accounts.

Demand

consumer demandmarket demanddemand side
Depending on the country and local demand economics earning from interest rates varies.

Holland

DutchStates of Hollandwestern
In Holland in the early 1500s, Amsterdam was a major trading and shipping city.

Amsterdam

Amsterdam, NetherlandsAmsterdam, The NetherlandsAmsterdam, Holland
In Holland in the early 1500s, Amsterdam was a major trading and shipping city.

England

🏴󠁧󠁢󠁥󠁮󠁧󠁿󠁧󠁢󠁥󠁮󠁧󠁿EnglishENG
This concept spread to other countries including England and its colonies in North America, where land owners in Boston in 1681 mortgaged their land to cashiers who provided an account against which they could write checks.

Boston

Boston, MassachusettsBoston, MABoston, United States
This concept spread to other countries including England and its colonies in North America, where land owners in Boston in 1681 mortgaged their land to cashiers who provided an account against which they could write checks.

Bankers' clearing house

clearinghouse bankclearing houseclearing houses
By the late 18th century, the difficulty of clearing checks (sending them from one bank to another for collection) gave rise to the development of clearing houses.