What are the difference bank account types?

[Kamil28]

Hello, I do not understand difference of "bank account type"

What is the difference between "savings" and "checking"?

Can you explain this?

I'm from EU

[Gordon0]

I don't think it's relevant to us (in Europe) and I always tick 'checking' as I understand that to be a regular, current account. 

[Mike1034]

In the US, there are two types of bank account. Checking Account is a bank account which you can write checks to make a payment when you make a purchase. Savings Account normally does not provide checks which you can write to make a payment for your purchase. Savings Account bears higher interest rate than Checking Account. Checking Account bears little interest.

[Gordon0]

Yup, that's pretty much the standard here.

Current account (with cheques) = just about sod-all interest.
Savings account (no cheques) = next to sod-all interest.  

[Ange2]

@Kamil28   

Basically,  a checking account has physical checks/cheques you can use to pay bills etc.

A savings accounts does not have checks/cheques,  it was intended for saving money not spending it.