Please see information on Checking Accounts below.


Checking Accounts - What is a Checking Accounts / Chequing Accounts?

A checking account is a particular type of account set up as a transactional deposit account. The checking account also allows withdrawals and deposits within the account. Checking accounts can be used by many different types of people. These are very popular because they have certain features that are different from other accounts. These allow you to withdraw using cheques, automated cash machines, electronic debits and many more. Some accounts may have different packages available for what your personal needs are, this can also help to lower the monthly fees that are sometimes associated with checking accounts.

Different type of Checking Available

As with most products on the market, there is always many different types available. Here you will find a list of the different types of checking accounts available to you.

  • Basic Checking Account - These are good for people who are planning on using their account infrequently and are not planning on keeping a high balance within the account. In some cases the basic account is used primarily for paying monthly bills, therefore there is only a certain amount of money within the account at all times.
  • Free Checking Account - This account requires a maintained monthly minimum balance . certain fees like ATM and cheque fees are eliminated. However, you need to be careful as if the balance drops below the required monthly amount, the account will no longer be free.
  • Joint - Checking Account - This type of account is normally shared between 2 or more people, in most cases this is when people share a household or living expenses. In some cases this can also be used between a parent and child. This allows money to be put into the account as a savings scheme but also allows the parent to monitor the amount the child is spending.
  • Express Checking Account - These Account are used mostly by bankers who prefer to do all banking electronically by ATM machines or via the internet. In some cases this can also be done via telephone banking depending on the account provider. These accounts usually have a low or no monthly fees, unlimited cheque writing and low minimum balance requirements.

Who are they for?

Checking accounts are used by many different types of people . There are more and more people choosing the checking account option for all their financial needs. Here is a list of the most popular people using checking accounts with all the major account providers.

  • Students
  • People with bad credit
  • High end earners
  • Businesses

When you are choosing the correct checking account always remember to check the certain benefits that you are looking for are available on the account you choose to use.

Which Checking Accounts Available are right for you?

When it comes to choosing the right checking account for your personal requirements, it's always good to remember which one is right for you. Here you will find a short list for the best checking accounts available on the market.

If you are one of these people who prefer to do all your banking electronically, then the Express Checking Account is the best option for you.

If you are looking at keeping a minimum amount in the checking account, and this is going to be used to cover monthly bills that need to be paid, then it's the Basic Checking Account you need to be looking at.

Some people like to use the checking accounts for children and teenagers, so they can monitor their personal spending and also to have some financial responsibilities. The best account for this is going to be the Joint - Checking Account, this is because you as the parent can also keep a check on the spending within the account.

Do's and Don'ts about Checking Accounts

When it comes to choosing the right checking account for your personal requirements, there is always some do's and don'ts you need to remember. Here you will find a short list of all Do's and dont's

DO always make sure that you read all the small print that are included with checking accounts as things can be hidden in this part of the paperwork.

DONT choose the first account you see as there may be other benefits available with different providers.

DO make sure you record every deposit made into your checking account.

DONT give out your checking account number to anybody, as this can be used to purchase items over the telephone and also over the internet.

General Information about checking accounts

Checking accounts are designed to be used as a transactional deposit account. This allows you as the account holder to keep a close eye on what activity is going on with the account at present. When using checking accounts you can also deposit funds into the account and also withdraw the funds available . When most people are using their checking accounts they can also monitor what funds are going in and out of the account as well.

These allow you to withdraw using cheques, automated cash machines, electronic debits and many more.


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