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Current account– Jargon Buster

A current account is a bank account used for your day-to-day banking. It is typically used for:

  • Lodging salary or wages
  • withdrawing cash from when using an ATM
  • Paying for things with a debit card
  • Paying for things when writing cheques
  • Transferring money to other bank accounts
  • Paying standing orders
  • Paying direct debits

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