A check allows you to spend money without carrying around cash. It's basically an order telling your bank or credit union to pay someone a certain amount of money using the funds that are in your checking account.
Checks are the second more popular way to buy things. Number one is cash. Checks give you a record that you can keep. You get a monthly statement from the bank or credit union that lets you see how much, when and with whom you spent your money.
Some checking accounts offer interest, just like savings accounts. All checks have a routing number at the bottome which identifies the bank from which it came. They all also have a "pay to the order of " .
There are millions of checking accounts in the United States today. Do you have one?
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