Current Accounts

Created by: caitlynkrs1
Created on: 17-11-20 10:03

Advantages of a Standard Current Account

No charges on credit balances.
Offers the holder a wide range of facilities including a cheque book, debit/cash card and possibly an overdraft facility.
Convenient for receiving regular payments

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Disadvantages of a Standard Current Account

Potentially high charges on the use of an overdraft facility.
Standard features only

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Advantages of a Packaged Premium Current Account

No charges on credit balances.
Offers the holder a wide range of facilities including a cheque book, debit/cash card and possibly an overdraft facility.
Convenient for receiving regular payments.
Offers the holder additional perks at a packaged price chea

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Disadvantages of a Packaged Premium Current Account

Additional monthly charge is frequently applied.
The package offered may not offer value for money or meet the needs of the individual account holder

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Advantages of a Basic Current Account

Available to customers with a low credit rating.
Offers an easy first step for individuals to gain access to basic banking facilities

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Disadvantages of a Basic Current Account

Limited facilities

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Advantages of a Student Current Account

Course fees and student loans can be easily handled.
Bonuses offered are designed to meet the needs of learners

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Disadvantages of a Student Current Account

Overdraft facilities could encourage overspending.
Charges for overspending are high.
Limited facilities

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Other cards in this set

Card 2

Front

Disadvantages of a Standard Current Account

Back

Potentially high charges on the use of an overdraft facility.
Standard features only

Card 3

Front

Advantages of a Packaged Premium Current Account

Back

Card 4

Front

Disadvantages of a Packaged Premium Current Account

Back

Card 5

Front

Advantages of a Basic Current Account

Back

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Current Accounts