What is a checking account? That is the topic of this video. Vincent not only explains what a checking account is, but also the main pro's and con's of this type of banking account. We've also done videos about CD vs savings account vs checking account, etc. In simple terms, a checking account is a safe place to store money that you need to access frequently.
Checking Accounts vs Savings Accounts: The main difference here is that checking accounts are meant to be used regularly, while a savings account has certain limits on withdrawal amounts and frequencies. You should think of a savings account as a safe place to keep money that you don't need right away and you want to earn (a little) more interest.