Checking Accounts

image
Take your confidence to the next level with the right checking account.

A checking account is a deposit account held at a financial institution that allows withdrawals and deposits. Also called demand accounts or transactional accounts, checking accounts are very liquid and can be accessed using checks, automated teller machines, and electronic debits, among other methods


Want help choosing the right checking account?

Checking accounts can include commercial or business accounts, student accounts, and joint accounts, along with many other types of accounts that offer similar features.

A commercial checking account is used by businesses and is the property of the business. The business' officers and managers have signing authority on the account as authorized by the business' governing documents.


Pick the account that fits what you’re looking for.
  • Advantage Checking: Receive and spend money without carrying cash. Select an account with a debit card and use it to make purchases or withdraw funds at an ATM. Direct deposit your paycheck into your checking account for faster access to your cash. Use online banking to pay bills from your checking account, without even writing a check.
  • Balanced Banking: A Balanced Banking checking account can give you the tools for financial success. Financial Tip: Setting financial goals, no matter how small, can have a big impact on your bottom line. Find more financial resources, savings and budgeting tools at onUp.com. This is a two-page document.

For accounts with large balances, banks often provide a service to "sweep" the checking account. This involves withdrawing most of the excess cash in the account and investing it in overnight interest-bearing funds. At the beginning of the next business day, the funds are deposited back into the checking account along with the interest earned overnight.