Checking AccountPersonal Checking

Definition

Also known as a current account, deposit account or checking account, this is a type of account for individuals used in banking for financial relationships between two parties performing reciprocal operations that agree to merge claims and debts resulting in a unitary balance.

Associated Services

Access to tailored financing options (investment loans, operational loans through commercial document mobilization, overdrafts, cash facilities and signature commitments).
Remote banking services (C-Mobile, C-Online), monetary and insurance services.
Rapid credit application processing (student loans within 48 hours at preferential rates).
Access to equipment or consumer loans.

Benefits

Easy access to funds within the network.
Option to grant third-party access for account operations.
Option to issue checks for deposit and perform transfers.
Ability to track and control banking charges.
Transparency: simplified banking information grouped into multiple lines on the account statement.
Option for the balance to alternate between debit and credit.