WebAn account at a bank in which a customer deposits money for immediate use. For example, one may utilize a checking account for one's monthly expenses, such as a mortgage payment or groceries. Because most customers keep money in a checking account for a shorter period than in a savings account, a current account pays a slightly lower … Webbank account noun : an account with a bank created by the deposit of money or its equivalent and subject to withdrawal of money (as by check or passbook) thought it wise …

Dormant Bank Accounts - Money Expert

WebAn account at a bank in which a customer deposits money for immediate use. For example, one may utilize a checking account for one's monthly expenses, such as a mortgage payment or groceries. Because most customers keep money in a checking account for a shorter period than in a savings account, a current account pays a slightly lower … WebOct 12, 2024 · A checking account is a type of deposit account that can be opened at a bank or credit union, allowing you to deposit and withdraw money quickly. Here's how … dark whiskey gary allan

Current Account - Meaning, Types, Minimum Balance, …

WebA bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded. Each financial institution sets the terms and … WebDec 31, 2024 · The current account can be divided into four components: trade, net income, direct transfers of capital, and asset income. 1. Trade: Trade in goods and … WebA flexible spending account (FSA) is a health savings bank account that is opened as a requirement of an employer-employee agreement and is used for building the surplus cash position for any emergency needs of the employee, such as medical expenses or for any other purpose. The surplus is contributed by the individual or employee over the ... dark whispers tibia