Current accounts Flashcards
1
Q
How many different types of current accounts are there?
A
- Standard
- Premium
- Student
- Basic
2
Q
Features of a Standard account?
A
- No banking fees
- Cheque book and bank card
- Facility to set up direct debits / standing orders
- Salary can be paid directly into the account
- Overdraft facilitites
3
Q
Features of a Premium account?
A
All features of the Standard account +
- Packaged benefits such as travel insurance or discounts on goods and services.
- Interest on credit balances
- Cash back on household bills paid by direct debt
- Special rates of interest on overdraft
4
Q
Student account
A
- Interest free overdraft up to a limit
- Debit card
- Some accounts offer discounts and gift cards.
5
Q
Basic account
A
- No banking fees
- Debit card
- Facilities for direct debt.
