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chequing account

   Also found in: Financial, Wikipedia 0.01 sec.
chequing account [ˈtʃɛkɪŋ]
n
(Economics, Accounting & Finance / Banking & Finance) the Canadian name for current account
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.chequing account - a bank account against which the depositor can draw checks that are payable on demand
bank account - a fund that a customer has entrusted to a bank and from which the customer can make withdrawals; "he moved his bank account to a new bank"
Canada - a nation in northern North America; the French were the first Europeans to settle in mainland Canada; "the border between the United States and Canada is the longest unguarded border in the world"


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An analogy that is often used is that the United Way is the chequing account, we're the savings account.
Also, you can pay others by credit card or chequing account without supplying your personal credit information to the payee.
The current or chequing account you probably have with your high street bank is probably not something you pay much attention to.
 
 
 
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