current account

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Tags: banking

Form of transactional account that offers various flexible payment methods to allow customers to distribute money directly to others. Most current accounts come with a cheque book and offer the facility to arrange standing orders, direct debits and payment via a debit card. Current accounts may also allow borrowing via an overdraft facility.
(source: http://en.wikipedia.org/wiki/Current_account_%28banking%29#Current_accounts)

Synonyms:
checking account
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