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 ?
Personal current accounts generated revenues of around PS8.
SWITCHING your current account now could also help to pay for some of your festive season outgoings.
Tesco's head of current accounts David Millington wrote on a blog on the bank's website: "The banks' biggest source of current account income isn't fees or charges.
It said criminals are continuing to test potential weaknesses in the seven-day system which was introduced in 2013 to make it easier for people to switch current accounts - but the growth in fraud detection rates shows firms' systems are holding up.
Global Banking News-January 27, 2015--Danish central bank not planning to lift current account cap
M&S Current Account holders can put up to PS250 a month into a separate savings account and earn up to PS78.
LESS than two per cent of bank current account customers have switched provider since a costly shake-up was launched a year ago.
It discusses key drivers fueling demand for current accounts, and key issues and challenges faced by banks across various regions.
The determination of current account and exchange rate--the two major indicators of external sector--has been studied widely in theoretical and empirical literature but mostly the discussion of the two variables largely remained separate [Lee and Chinn (1998)].
Current account customers can continue to earn rewards on their Tesco shopping until June 2014.
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.
Current accounts are big business for banks, which rely on them to help cross-sell other products to us.