Quote:
Originally Posted by TheDoc
i23.... i23
A payment service, is a service offered by banks. You have an account, which does everything a checking account does, but doesn't allow checks. A savings account is a checking account that accumulates interest, you can have checks too, or not.
All the same thing once someone else has your money.
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I am well aware what the diff between "demand account" and "checking account" is thank you. He asked what my balance was on our Personal Checking account, and that was the question i answered. If you want to call a "demand account" a "checking account" without checks, then go ahead, but in not a correct use of the term.
That is like saying my Pension account a "personal checking account" without checks and ATM card