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