How does a checking account work?

How does a checking account work?

linkremoval Trainee Asked on November 4, 2014 in Accounting.
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It is also know as current account. In checking account bank do not pay any interest. Rather bank charges the account holder a bank charges for maintenance of current account. In most of the case the account is opened by business entity.

CA Mohnesh Kohli Trainee Answered on November 4, 2014.
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