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Chequing account
CHEQUING ACCOUNT

Definition: (Canadian English) A type of account that you take money out of at anytime, and that provides you with a chequebook and cash card.
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* All seven elements should be in.


1. Purposeful and necessary for account holder.

2. Well-maintained. That is, entries are up to date and correct.

3. Never overdrawn; always in credit.
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4. Terms and conditions applying are clear and/or known to the account owner. And complied with by the bank/account owner.

5. Services or provisions connected with the account are delivered efficiently and effectively.
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6. Chequebook, cheque card, bank statement, etc. are accurate, promptly issued or replaced, etc., as applicable.

7. Account serves purpose(s) for the owner.
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