A current account is a type of bank account that allows you to access and use your balance at any moment.
Why do I need a Current Account?
This type of account is usually opened if you want to pay for your goods and services by cheque. A bank usually offer the facility of a debit card linked to your current account.
Do I receive interest on a Current Account?
A current account does not pay interest on any credit balances in your account.
Before opening a current account, you should therefore check the conditions to do so and you are fully aware of the features of this type of account.
These conditions form part of a framework contract.
