Economics Part B

Current Accounts

Current Accounts - Definition

Current accounts are type of account service you can avail from most banks. They are also called checking accounts. Money deposited in current accounts can be withdrawn both in cash or by writing and issuing a check in favor of whomever he/she wants. Unlike saving accounts, current accounts would have more requirements like higher maintaining balance and/or amount of money turn around.

Current Accounts 579Current Accounts