Linked Bank Account Still on "Checking" Mode

PukimonS7
New Community Member

Hello! I have linked my bank here in the Philippines. But it is still on "checking" mode for several weeks now. Is there a problem with my bank account? Thank you.

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1 REPLY 1

sharpiemarker
Esteemed Advisor
Esteemed Advisor

@PukimonS7 

 

“Checking” means the type of bank account you have, not that the bank account is being checked.

 

A checking account lets the account holder make over-the-counter deposits and withdraw funds through writing checks and/or using card associated to the checking account.

 

Your bank may issue a checkbook to you and, many checking accounts nowadays come with an ATM or debit card for withdrawals, point-of-sale (POS) transactions, and online payments. Some even include a passbook for transaction monitoring.


Kudos & Solved are greatly appreciated. 🙂
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