answersLogoWhite

0

A current account is primarily designed for frequent transactions and offers features such as unlimited deposits and withdrawals, easy access to funds through checks, debit cards, and online banking. It typically does not earn interest or offers minimal interest rates compared to savings accounts. Additionally, current accounts often include facilities for overdrafts, enabling account holders to withdraw more than their balance. They may also provide features like monthly statements, bill payment services, and direct deposit options.

User Avatar

AnswerBot

1mo ago

What else can I help you with?

Related Questions

What is the list of main features of current employment legislation?

The list of the main features of current employment legislation includes: Employment rights Equality and discrimination Health and safety


'What is India's current account balance capital account balance and forex reserves for the period 2001-2006 and list the major features?

data on indias current account balance for period 2001-2006


What are the parts of balance of payments?

Balance of payments is a collection of accounts conventionally grouped into three main categories, with subdivisions in each. The three main categories are: 1) Current Account 2) Capital Account and 3) Reserve Account


What are the additional features of current account in a bank in UAE?

The following are a few additional features of current account. They offer special checking facility for UAE residents, free transfers, international debit cards, 24 hour banking facility.Moreover they are available in various currencies.


Collect data on India's current account balance capital balance account and forex reserves for the period 2001-2006 and list the major features?

pls send answer


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


Collect data on India's current account balancecapital account balance and forex reserve for the period of 2001-2006 and list the major features?

ur site has been use less.


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

what is difference between a current account and a cheque account


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

Diff. between CC account & current account


Collect data on India's current account balance capital account balance and forex reserves for the period 2001-2006 and list the major features?

Nishit kumar jha contect-09717581602