Current Account

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Related to checking account: savings account

Current Account

A detailed financial statement representing the debit and credit relationship between two parties that has not been finally settled or paid because of the continuous, ongoing dealings of the parties.

References in periodicals archive ?
Bank of Israel has said that checking accounts in the country have become cheaper.
Customers must set up an automatic monthly transfer of at least $100 from the Momentum Checking Account to the related savings account(s).
In the same situation, if the card is stolen and is used as a debit card to make purchases or to get cash withdrawals at an ATM from the checking account, the liability limits and error resolution provisions of Regulation E apply; Regulation Z does not apply.
One of them noticed an unusual deposit in Eddie's checking account and asked him about it.
The checking account, from Green Dot Bank, is designed for "on-the-go" customer, providing a linked MasterCard (NYSE: MA) debit card.
Simple is an online-only alternative offering basic checking account services through a prepaid debit card targeting the needs of Gen Y consumers although not limited to them.
The features of the Citibank Preferred Rupee Checking Account include a dedicated priority service platform, superior foreign exchange rates on inward remittances, lower service charges on a range of banking services and custom-designed privileges on some characteristic India-oriented requirements of NRIs.
With a debit card, payment for a purchase is withdrawn directly from a checking account.
Survey information on the proportion of banks and savings associations that offered various retail services over time is available for the following services: auto loans, non-interest-bearing checking accounts, negotiable order of withdrawal (NOW) accounts (which are interest-bearing checking accounts), savings accounts, money orders and cashiers checks, the return of canceled checks, automated teller machines (ATMs), and safe deposit boxes.