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, making it convenient to access funds. Most checking accounts do not earn significant interest, but they offer features like online banking and mobile apps for easy management. Some accounts may have monthly fees, which can often be waived by maintaining a minimum balance or setting up direct deposits.