What is current account

What is current account

The article will answer the question “What a current account is?” and “What could you do with a current account?”

* A current account is a bank account where you could deposit and withdraw money.
* Usually you could manage your current account in the bank branches, online, with cash machines or over the phone.
* A debit card and even checkbook usually accompany a current account. You could use your debit card to withdraw money from your current account or shop online/offline.
* Almost everybody could open a current account. There are usually no limitations on how many current accounts one person could have too.
* There are current accounts that offer overdraft if you need it.
* The current account usually offers a lower interest rate than a savings account but is more flexible on your money availability.
* Based on different promotions and offers a current account could offer additional extras like insurance or additional interest rate (usually bound to specific monthly income category).
* The current account is your daily basic account to do your shopping, bills and manage other expenditures.
* Usually there is no monthly fee or tax to support a current account. The bank is making money by operating with your money.

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