Meaning of the word "checking account" in English

What does "checking account" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

checking account

US /ˈtʃek.ɪŋ əˌkaʊnt/
UK /ˈtʃek.ɪŋ əˌkaʊnt/
"checking account" picture

Noun

1.

a bank account against which checks can be drawn by the account holder

Example:
I need to deposit my paycheck into my checking account.
Most of my bills are paid directly from my checking account.
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