What is current account?

Answer 1

A current account is a type of financial account used primarily by individuals and businesses to manage day-to-day transactions. It is also known as a checking account, so named because the holder can easily access (or "check") the funds in the account through various transaction methods. Current accounts are typically offered by banks and other financial institutions and may come with features such as debit cards, online banking, and overdraft facilities. Users can make deposits, withdrawals, transfers, and payments from this account without limit, and the account balance fluctuates based on these transactions.