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What is a current account? How to open a current account? A current account is a popular choice for businesses that have a high number of transactions. A current account is a type of account in which there are no restrictions on the transactions. This makes it an asset for businesses which have multiple transactions throughout the month. Features of current account: No restrictions on transactions:A business has several different transactions that it has to make over a period of ti...
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Current Accounts—UK—July 2019: Lloyds Banking Group Rolls Out a Suite The Financial Control Authority’s (FCA) announcement that banks will no longer be able to charge the uncalled for overdraft fees which made them over 2 billion pounds in 2017 will potentially be a massive jolt to many sector. The unauthorized overdraft charges tend to have repercussions on the most prone customers who are grappling to manage their finances. Meanwhile, one in four account holder use their overdraft, while regular users have be...
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