Checking Account

A checking account is a type of deposit account that you can open at Bank of Shaoxing. A Checking accounts allow you to deposit money that you can then draw against to pay bills or make purchases. They also may be called transactional accounts.

Checking accounts are different from savings accounts because—rather than being designed to hold money for the long-term—they’re meant for everyday use. The money you keep in your checking account is money you plan to tap into for the short term to cover your expenses.

How does a checking account work?

A checking account works by allowing you to deposit and spend money. Checking accounts are typically designed to accept a variety of deposits, including:

• Direct deposit
• Mobile check deposit
• ATM deposits
• Deposits made with a teller
• ACH deposits
• Incoming wire transfers

Open a personal account OR   Open a business account