What is a fixed checking account?

Question

I would like to know the difference between a fixed, percentage, and balance account. I'm trying to determine which one I have!

Answer 1

I have worked at a bank for 9 years. I have never heard of a 'fixed'. 'percentage', or 'balance' account. My best guess is they are PART of the name a specific bank has assigned to a specific account type. If you name the bank you are looking at. I may be able to check their website to find out what you are talking about.