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Disadvantages of a current account

Anonymous

∙ 11y ago

Updated: 9/14/2023

One of the disadvantages of a current account includes drawing a low interest rate, the initial paperwork when opening an account is lengthy and terms are difficult to understand.

Wiki User

∙ 11y ago

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What are the advantages and disadvantages of current account deposits?

check

What is a current accout?

a current account is an account you have now.

What is the different between cash credit account and current account?

Diff. between CC account & current account

What is owner's current account and it's accounting entry?

owners current account is called a personal account and it has a credit entry

What is current account in bank?

A current account is an account used predominantly by businessmen. There usually a higher number of transactions that are allowed in a current account when compared to savings account and it also earns much lesser interest than a savings account. Savings accounts are much more common in India than current accounts.

What are the advantages and disadvantages of current account deposits?

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What are the disadvantages of a current account?

There are a couple different disadvantages of using a current account. They include the fact that some banks will impose service charges on them, and the fact that they do not earn interest on money in one.

What are the disadvantages of current account?

What are the advantages and disadvantages of current account?

That you might get hacked. So never tell anyone your password OKAY!

What are the disadvantages of a key account manager?

disadvantages of key account manager

What is a current account deficit?

current account deficit

What is a current accout?

a current account is an account you have now.

What is current account deficite?

current account deficit

What is the difference between A current account and a cheque account?

what is difference between a current account and a cheque account

What are the disadvantages of having bonds?

i have machine account and person account int he books

What is the different between cash credit account and current account?

Diff. between CC account & current account

What are the Advantages and disadvantages of current meter?

disadvantage of current meter

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