So many questions about this one.

An electronic checking account is basically only a Debit MasterCard or Debit Visa Card that acts like a Bank Account.

You would use your ATM Card or Debit Card to electronically pay bills or use at public places. It is sort of like an Checkless Bank Account. Because just like the checkless bank account the electronic checking account works the same way.

It too has all the bells and whistles that a regular bank account has. Now not to be confused with a Prepaid Card………prepaid cards most anyways are not FDIC Insured. Debit Mastercards because they are attached to a real bank account are not prepaid cards. You are not loading your debit card you are utilizing the funds that are in your bank account when you use the card……deducting money from your bank account.

So all and all an electronic bank account is like a regular bank account, no checks and you use your ATM Card or Debit card to make purchases “electronically”.

Below are 2 Perfectly Good Examples of Electronic Checking Accounts if you are interested: