A current account is a type of bank account primarily designed for businesses, firms, and companies that handle a high volume of transactions daily. Unlike savings accounts, these are non-interest-bearing accounts that offer high liquidity and flexibility.
Key features include:
- Unlimited transactions for cash deposits and withdrawals.
- Overdraft facilities to help manage short-term fund requirements.
- Support for high-value business transactions and various digital payment methods.
- Convenient management of day-to-day business finances and cash flows.