checking account

banking checking savings investments checking account 90% of transactions involving money are made with checks. what is a check? when opening a checking account at a financial institution the customer enters into a contractual agreement that allows the customer to deposit money in the bank and to write checks on that account. the financial institution agrees to maintain the account, provide records, and honor checks. checks are safe, convenient, and provide a receipt for proof of payment. why is writing checks important? why would you want to use a check instead of cash? what do people buy or pay with checks? if you pay with a check when do you actually pay the money? types of checking accounts: minimum balance …

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