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Managing your money and making it easier to apply for a credit card from your bank are two reasons that stand out. It's also a safer place to keep cash than under the mattress or something of that nature. If you don't want to pay service fees, look for accoutns with no fees or ways that the service fees get waived. Bank of America has an account that doesn't charge a monthly fee if you sign up for electronic statements and deposit your money in an ATM instead of a teller. Online banking services like ING and Ally have no service charges, period.

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Q: Why do you require current account?
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