Now I get your point. So basically we have different understandings of checking accounts. I'm not a lawyer, but in my opinion money in a checking account should

Now I get your point. So basically we have different understandings of checking accounts. I'm not a lawyer, but in my opinion money in a checking account should always be redeemable. But you're kind of right that by depositing money there, people are agreeing to their money being lent out in exchange for interest.