Current Account


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Current Account

A detailed financial statement representing the debit and credit relationship between two parties that has not been finally settled or paid because of the continuous, ongoing dealings of the parties.

References in periodicals archive ?
While overdraft users tend to have the most to gain from switching, they're also often the most reluctant current account switchers.
The research looked at how likely people were to switch various types of financial product, including their car insurance, credit card, mobile phone and mortgage, as well as their current account.
Its current account pays three per cent on balances up to PS3,000, and charges a PS5 fee unless holders pay in PS750 a month.
Certain positive factors have contributed to lower current account deficit.
According to Reuters, the apex bank said that it would not raise the amount of cash that commercial banks can keep in their current accounts.
A new breed of current accounts offering interest on credit balances are encouraging savers to switch but, like everything else concerning banks, it is complicated and you need to get your sums right to ensure you pick the best one.
And it is a drop in the ocean compared with the 65m active current accounts in the UK.
Due to firm's capitalizing on this trend, the current account market has recorded a number of new entrants.
In this context exchange rate attains pivotal importance due to its role for adjusting current account imbalances as advocated by both traditional [Mundell (1962); Flemming (1962)] and advance open economy macroeconomic approaches [Obstfeld and Rogoff (2000)] to current account determination.
When we were in power, there was current account surplus.
The opening of a current account related to the new loan is permitted only if the said current account will only be used for the servicing of the loan and all deposits into the account will be used for the servicing of the loan and no other transaction.
CHANGEs being introduced by banks and building societies aim to take the hassle out of swapping your current account.