FED101 - The Life of a Check
Introduction | Checking Accounts | MICR | Float | Check 21 | Debit/ATM | Technology
 
 
Checking Accounts
 

Checking accounts can be opened at most financial institutions.  There are various types of checking accounts available.  Some accounts pay interest to the depositor and usually require a minimum balance, while others called “free” checking accounts require no minimum balance.  Fees for checking account services vary among financial institutions and include charges for books of blank checks, returned checks, and overdrafts.