A checking account is a type of bank account that allows individuals to deposit and withdraw money easily. It is primarily used for everyday transactions, such as paying bills, making purchases, and receiving direct deposits from employers. Checking accounts typically come with a debit card and checks for convenient access to funds. Most checking accounts do not earn significant interest, but they offer features like online banking and mobile apps for managing finances. Account holders can monitor their balance, transfer money, and set up automatic payments, making it a practical tool for managing daily expenses and budgeting.