The process of checking has its origins in the ancient banking system, in which bankers would issue orders at the request of their customers, to pay money to identified payees. Such an order was then referred to as a bill of exchange. Bills of exchange helped merchants do away with carrying currency and facilitate trade to purchase services and goods.

In its most basic form, a checking account allows one to give money to another person or a business firm when it is not safe or practical for direct currency transfer.

A checking account is more than just a place to keep money. It simplifies your financial matters and helps you manage money easier.

In the present day scenario, understanding the complexities and fast pace of life, almost all the banks have developed a very wide range of checking accounts that offer all the services one requires. All this is done with a focus on ease of use and convenience.

To help simply their customers life, banks have come up specialized checking accounts with minimal fees and hassles.

Checking has a wide range of benefits as compared to direct transfer of cash.

They provide a paper trail or written proof that a payment has been done which is important for tax purposes and whenever one is paying a person or company by mail.

Checking is safer than cash. Taking and spending cash leaves no trail, while the paper trail a check leaves discourages theft.

Also, they are cheaper than buying money orders or cashier's checks and have a lot of account accessing options that other types of accounts don't offer.

Moreover, Checking accounts have no limitations whatsoever on the number of electronic transfers one can make each month.