current account

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current account

Economics that part of the balance of payments composed of the balance of trade and the invisible balance

Current Account

 

a type of deposit operation in banks and savings banks. Deposits in current accounts are not time deposits; that is, the account holder can make deposits and withdrawals at any time. In the capitalist countries, current accounts for the most part hold the temporarily free capital and cash reserves of the capitalists. In the USSR, current accounts in banks may be opened by noneconomic institutions and enterprises, kolkhozes, and public organizations; current accounts in savings banks may also be opened by individuals.

References in periodicals archive ?
Choose the best bank, credit union or account for your needs with FindTheBest's Bank, Credit Union, Savings Accounts and Checking Accounts comparisons.
Navy Federal Credit Union checking accounts offer great perks, including a free nationwide ATM network, and while other financial institutions charge debit transaction fees, they've kept that free, too.
Named "Best Checking Account" in Kiplinger's Personal Finance "Best of Everything 2006" November issue, the magazine states EverBank's FreeNet Checking Account can offer up to ten times the yield of interest-bearing accounts at competitor institutions.
Washington Mutual, through its banking subsidiaries Washington Mutual Bank and Washington Mutual Bank fsb, is the first major bank to offer consumers the convenience of opening a checking account entirely online and eliminate the need to send a traditional signature card.
markets that we cover and providing daily checking account updates so that consumers can comparison shop checking accounts and make informed decisions all year long," DeMarse said.
Signature Advantage Package: includes a Signature Advantage Checking account (and up to four additional Essential checking accounts with no monthly maintenance fee); unlimited non-SunTrust ATM transaction fee refunds; option to participate in Delta SkyMiles[sup.
The study noted that the rates on the credit unions' interest bearing checking accounts had balance limits, meaning they apply only to the first $500 or $1,000, for example.
GoBank, a full-featured checking account, is offered as part of Walmart s checking alternatives category.
Tiered Interest Checking account, which traditionally was the work-horse of transaction accounts, has experienced the largest decrease since the end of the last recession--down 4.
Unless you have recently reviewed the terms of your checking account, you may find your account is in the Stone Age.
today announced the launch of the Preferred Rupee Checking Account, a one-of-a-kind niche offering for Non Resident Indians (NRI).
In general, you should always keep enough in your checking account to cover at least three month's worth of expenses.