Differnet Types Of Current Account Flashcards
1
Q
Standard account- bank accounts designed for everyday use
2 positives 2 negatives
A
No charge on credit balances
Convenient for collecting wages and withdrawing money
No additional perks
Potentially high charge on overdraft
2
Q
Basic current account
(2 positives and 2 negatives)
A
Don’t need a high credit rating
Easy first step in banking
No debit card
Limited facilities/ overdraft
3
Q
Student current account
(2 positives and 2 negatives)
A
Fees and loans can be easily handled
Perks are designed for students
Overdraft could encourage overspending
Overdraft charges are large
4
Q
Premium current account
(2 positives and 2 negatives)
A
No charges on credit balances
Additional perks
Additional monthly charge
May not be worth for some people
