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A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the account owner may direct. Access may be in a variety of ways, such as cash withdrawals, use of debit cards, cheques (checks) and electronic transfer. In economic terms, the funds held in a transaction account are regarded as liquid funds. In accounting terms, they are considered as cash.
Transaction accounts are known by a variety of descriptions, including a current account (British English), chequing account or checking account when held by a bank, share draft account when held by a credit union in North America. In the United Kingdom, Hong Kong, India and a number of other countries, they are commonly called current or cheque accounts. Because money is available on demand they are also sometimes known as demand accounts or demand deposit accounts. In the United States, NOW accounts operate as transaction accounts.
Transaction accounts are operated by both businesses and personal users. Depending on the country and local demand economics earning from interest rates varies. Again depending on the country the financial institution that maintains the account may charge the account holder maintenance or transaction fees or offer the service free to the holder and charge only if the holder uses an add-on service such as an overdraft.

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Recent contents Top users
  1. S

    Just a post to keep my account active.

    Hope everyone is keeping safe and well out there. My DIY needs have been met...until the next unexpected toilet plumbing malfunction!
  2. M

    ust a post to keep account active

    thanks for all the helpfull advice for DIY and when I use a plumber
  3. K

    Posting to keep account alive

    Hi Everyone. Have a nice day :).
  4. M

    Posting to keep account active

    Morning all, This site is my go to site. Such an invaluable amount of help and advice. Thank you.
  5. hebt

    Saying Hello to keep my account

    Another DIY'er keeping my account alive. I've always found useful help by searching so thanks for all the past chats :)
  6. M

    Hi Think I need to post to keep my account alive

    Just a DIYer who comes here from time to time for tips and advice. Cheers
  7. H

    Access to my former account

    Hi All not been on here for years.....how do I go about getting back on my old account......it was under the name helpsy? Many thanks
    • helpsy
    • Thread
    • access america former usa
    • Replies: 2
    • Forum: USA
  8. S

    Delete my account

    As per title, please delete my account.
  9. C

    Looking to sell a mybuilder account

    Hi , don’t know if this is allowed on here.... I’ve moved to Thailand and have a mybuilder account with over 200 positive ratings. 100%positive , looking for someone to take over / buy the account If possible ? Generates a lot of work if you put in the effort , excess of £25k easy a year ...
    • Chris Watson
    • Thread
    • america looking mybuilder usa
    • Replies: 15
    • Forum: USA
  10. W

    Could someone please delete my account.

    As per Thread title. I did get the ball rolling by doing it myself but then got an email suggesting it needs to be done by Admin. Photo of email attached. Many Thanks.
  11. Stigster

    The artist formerly known as Stigster

    Hi guys, Stig here. Just to let my esteemed colleagues know it's me, formerly known as Stigster and I haven't spat the dummy, just wanted a fresh account as there have been quite a few changes here lately (for the better) and wanted a new account in this "new" place.
  12. Dan

    How to deal with offensive posts - Never reply to them, Always report them

    If you find a post that is offensive to you, or you think it is offensive to somebody else, then please report the post and do not reply to it. When you reply to a post that we might be pulling for offensive content, we then need to go and check your replies, and see if anybody has quoted the...
  13. Dan

    Warning system now in place - automatic account restrictions for wasting Moderators time

    I've setup the warning system to take the pressure off of staff. Get a warning for wasting the time of staff by replying with more smarmy remarks or whatever and your account will have restrictions applied. Staff can and will reply to one post and give a verbal warning / correction. No...
  14. centralheatking

    I had to start a new account on Sunday

    Please can you transfer all Rob Foster stuff to centralheatking. We had a password crisis and had to close down our BT email. Thanks in advance. Rob Foster
  15. O

    Business account.....

    hi lads, Could anyone tell me if it’s better when opening a business account to do it in the same bank as my personal account? Any recommendations..? Regards, Ron
  16. Dan

    Update: You can delete your own account now if you want to

    http://www.ukplumbersforums.co.uk/account/delete To save posting the old attention-seeking "this is my last post, I'm off" and then never leaving. I thought I'd setup this. You can delete your own account now whenever you want. You can never recover it. You get 24 hours to restore it, after...
  17. P

    Unknown transfer into my account

    I seem to have an unknown faster payments transfer into my current account, just cant for the life of me recognise the name or anything, its from a private individual. Its a mystery to me as to where it came from. I don't know what to do?
  18. P

    ALERT! Bank account empty!

    Hi I just got a letter from Ray saying his website has been compromised. I just checked my account and it has been cleaned out. I urge you to check your accounts ASAP
  19. G

    Best place to buy?

    Who offers the best prices on, well, everything. Just tried to set up an account with City Plumbing and I've been told I need a utility bill which I don't have (still live at home). I don't even know if there prices are any good. Right now I need to buy some radiators. Anyone know a good...
  20. R

    Williams Account

    Hi Ray, is it possible to purchase online from Williams using a credit account? I can't see anywhere on your website that says its possible. If it can be done it'll allow me to take advantage of your great prices a lot more. Cheers
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