0
Anyone who is running a business or wishes to open an account that would involve high number of transactions can open a current account. Current Accounts usually involve higher charges & fees because of the extra services you receive. Those services are usually not available for regular savings account. Also, the money in your checking account does not earn any interest.
What else can I help you with?
Who cannot open a current account?
A minor
Need document to open current account of SBI?
The documents that are needed to open the current account of SBI are used for identification purposes. The application form can be downloaded from the internet by visiting the nearest branch.
Can we keep 10 million in current account?
Most banks have a cap on the amount of money that you can keep in a current account, usually up to several thousand. So no, you cannot keep 10 million in a current account; you would most likely have to open a savings or investment account.
How can one open a bank account online?
There are various ways one can open a bank account online. It would help on deciding which account one would want such as a current account and then decide on the bank one is signing up to. An example is Lloyds and a current account. One would need their name, address, age, income and national insurance number to sign up.
What is a current account deficit?
current account deficit
Difference between current account and cash credit account?
i am a student and wanted to open my account should i open a current account or credit account
Who offers current accounts?
All banks offer current accounts. There are no restrictions as to who can open a current account. As long as you have money to pay for the initial deposit to open a current account, any bank will open one for you.
Who cannot open a current account?
A minor
Do you need NOC to open bank account with NBD?
Yes, I need for open a current account with NBD
What document needed to open a current account?
2 reference with current account, passport photograhy, utility bill
Who is not permitted to open the current account in bank?
It depends on local legislation, but generally minors are not allowed to open a bank account.
HOW CAN I OPEN A BANK ACCOUNT IN DOHAs?
Resident in Qatar or new to Qatar customers can open a Current Account by transferring the salary to Bank.
Need document to open current account of SBI?
The documents that are needed to open the current account of SBI are used for identification purposes. The application form can be downloaded from the internet by visiting the nearest branch.
How can you write a letter to the bank manager to open a current account?
You don't need to write a letter to the bank manager to open a current account. Instead the bank would have an application form that can be filled and submitted to open a new current account. Banks usually expect you to fill up the form and no bank would create a new account without you filling up the form. Just a letter wouldn't help in case of new account openings.
Can we keep 10 million in current account?
Most banks have a cap on the amount of money that you can keep in a current account, usually up to several thousand. So no, you cannot keep 10 million in a current account; you would most likely have to open a savings or investment account.
My current account gives me interest on my savings and my Mom says that it's better off to open up a savings account Why?
If you want a higher rate of interest compared to what you get on your current account you will need to look for a savings account. If you are keeping a lot of money in your current account you may be missing out. Compare rates and see if there is an account that would suit you better.
How can one open a bank account online?
There are various ways one can open a bank account online. It would help on deciding which account one would want such as a current account and then decide on the bank one is signing up to. An example is Lloyds and a current account. One would need their name, address, age, income and national insurance number to sign up.
