Current Account
An account with a bank or building society from which money may be withdrawn without notice, typically an active account catering for frequent deposits and withdrawals by cheque.
What is Current Account?
A current account is great for managing your day-to-day money. You can receive regular payments such as wages, benefits, tax credits or pensions into your account, and set up payments out of your account in whatever ways you find convenient.
Why Take Up Current Accounts?:
Types of Current Account:
Important Factors:
Who can have a Current Account?
Almost anyone can, depending on their credit history. People who have a bad credit history due to not payment of outstanding bills and loans, county court judgements against them or a history of fraud may find that they have fewer options open to them.
Who can Provide me with a Current Account?
All the main high street banks offer a range of current accounts. Many of the building societies do also as well as most of the internet banks. A list of the main providers can be found below.