A chequing account is a basic bank account offered by banks and financial cooperatives. It is where you can keep the money you need for day-to-day transactions since it allows for frequent deposits and withdrawals with few limits. This is usually where a salary is deposited. Chequing accounts usually come with a debit card that allows you to make payments and automatic teller machine (ATM) withdrawals and a chequebook that allows you to write cheques. Unlike savings accounts, chequing accounts earn little or no interest.