A checking account is designed for frequent transactions—paying bills, making purchases, and accessing cash. Unlike savings accounts, checking accounts typically offer unlimited transactions, come with debit cards and checks, and may pay little to no interest.

Most people use checking accounts for their monthly cash flow management. Money may come in through direct deposit and go out through automatic payments, debit card purchases, and ATM withdrawals. Many checking accounts charge monthly fees unless you meet certain requirements like minimum balances or direct deposits. Choosing the right checking account depends on your transaction patterns and fee tolerance.