Checks and checking accounts offer checkabledeposits.
Today all thrift institutions offer checkable deposits.
Checking Account: account in which deposited moneycan be withdrawn at any time by writing a check
Checkable Deposits: money deposited in a bank thatcan be withdrawn at any time by presenting a check.
Thrift Institutions: mutual savings banks, S&Ls, andcredit unions that offer many of the same services ascommercial banks