Current Account / Checking Account
A foundational account type commonly used in UAE for day-to-day transactions.
Detailed Description
Current Account / Checking Account
What is a Current Account?
A Current Account, or Checking Account, is a deposit account for everyday transactions, allowing unlimited withdrawals and deposits.
What are the main features of a Checking Account?
Key features include unlimited transactions, debit card access, online banking, check writing, and possible overdraft protection.
What types of Checking Accounts are available?
Types include Standard, Interest-Bearing, Student, Joint, and Business Checking Accounts.
What are some benefits of using a Checking Account?
Benefits include convenience, safety, budgeting assistance, and payment flexibility.
What fees might be associated with Checking Accounts?
Common fees include monthly maintenance fees, ATM fees, overdraft fees, and returned deposit fees.