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"checking account" is correct and usable in written English.
It is a noun that refers to "an account at a bank or other financial institution that allows the account holder to make deposits, withdrawals, and other financial transactions." For example, "I deposited my paycheck into my checking account today."
Dictionary
checking account
noun
A current account; a bank account from which money can easily be transferred, by check(US)/cheque(UK) or other means.
synonyms
Exact(60)
"Monthly checking account fees will come back.
In years past, the customers' checking account was immediately debited.
In my Chemical Bank checking account I possessed $810.
That way his checking account would be paying 5%.
Budget a checking account and avoid unforeseen shortages by understanding the specifics of your checking account.
Open a business checking account in your business name.
Enter your routing number and checking account number.
Refuse to provide your credit card or checking account information.
Think about your checking account.
Holds on your checking account.
"To start a checking account".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com