Here’s a list of the most common types of checking accounts you’ll find at almost every bank, credit union or other financial institution. Standard checking account - This is simply used to deposit and withdraw money. Interest checking account - This allows you to earn monthly interest on the funds in the account. Rewards checking account - This type of checking account provides basic features with additional benefits to incentivize customers to use them. Cash-back checking account - A cash-back account is another type of checking account that helps your money work for you.