What is a checking account also called?
Similarly, why is it called a checking account?
A checking account is a bank account that allows easy access to the funds in your bank account. Also called a transactional account, it's the account that you will use to pay your bills and make most of your financial transactions. These transactions are debits to your account, while a credit is a deposit.
Secondly, what is it called when you write a check for more money than you have in your account? An overdraft fee assessed when you spend more than you have in your account and don't have overdraft protection. An amount typically charged by an ATM that does not belong to your own bank. Floating a check is illegal in most states. Writing a future date on a check is called postdating.
Keeping this in view, is current and checking account the same?
"Current" is another word for Checking, as it is called in the US. Savings account is an interest-bearing account with certain limitations. Current account is a "general-use" account on which you can write checks, use ATM/Debit cards and have unlimited transactions.
What is a non checking account?
There are usually two kinds of non-personal accounts: a current checking account, and a savings account with daily interest and/or regular interest. This would be similar to what occurs when an NSF (non-sufficient funds) check is deposited into an account.