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 ?
There continues to be an increase in the value of current accounts held by personal consumers over the period H2-2013 to H1-2017 from 16.
Earlier, Norwich & Peterborough Building Society had said that it would close all of its current accounts by the end of August.
MORE current account customers have been ditching and switching their bank following a wave of providers cutting rates or reducing perks on their accounts.
The array of mind-boggling charges that can come with current accounts can cause further confusion and put people off switching.
This article focuses on just the longest standing and most popular one, the current account version of the Triffin dilemma.
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.
According to the most recent Current Account Switch Service (CASS) figures, between October 2014 and December 2015 a total of 67,379 accounts were switched to Santander, equivalent to 28% of the market, with a net gain of 45,633 accounts.
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.
Summary: PowerPlus is the only current account that also works like a fixed deposit -- offering unlimited liquidity without compromising on returns
The Current Account Switch Service was meant to revolutionise the industry by making it easier for fed-up customers to move to rivals.
The research aims to assess the dynamic relationship between current account and exchange rate and to analyse the effect of oil price changes on their relationship for D-8 countries.