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A current bank account is a type of bank account offered by banks and building societies. People use Current Accounts for standard everyday transactions such as deposits and withdrawals of money and are often used to receive payment of salaries. Current Accounts offer a range of benefits to the user including cheque books, cash withdrawal cards, direct debit facilities, standing orders and interest paid on the money held within them. Interest and benefits offered by Current Accounts will vary greatly from institution to institution.

 

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