During the initial days of banking checking bank account was basically one that allowed its users to write checks to pay off their bills or to purchase products. However a savings bank account was one that earned interest on the money you have saved which was paid at varying intervals depending on the type of account you have. Today, most the lines are a bit unclear when it comes to the difference between savings and checking bank account but they still exist with several users throughout the world. However you should know that besides there are interests being received for savings account there are still some rigid restrictions on the savings account which generally limit the number of cash withdrawals. This was also mentioned by the director of client services and executive vice president of American National bank who have more than 30 years of experience in the banking industry. They further mention that these restrictions are placed due to the directive reserve requirements for the bank and to ensure they have funds available to fulfill the cash needs of their other customers.