There is no real difference between a chequing account and a savings account at the same bank.

Question

Quizplus · Accepted Answer

There are significant differences between a chequing account and a savings account. A chequing account is mainly used for daily transactions and enables easy access to funds, while a savings account is intended for more long-term saving and usually offers higher interest rates but may limit the number of withdrawals.

There Is No Real Difference Between a Chequing Account and a Savings