How To Choose a Current Account

01 March 2012 - Which Way to Pay

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How To Choose a Current Account

In India a current account is a popular account for businesses. You can use a current account for your businesses’ daily transactions, they allow you to make deposits and transfer money to other accounts. Whatever the size of your company, a current account is useful for managing and documenting your company’s money.


Listed below are some useful tips and information:

- Shopping around to find the right one for you is important because not all current accounts are the same

- Completing an online comparison will help you weigh up different current accounts

- Each provider may have their own set of criteria which can vary take this into consideration

- In some instances a credit check may be carried out so make sure you find this out in advance

- The application process is very simple but you may be required to provide identification and proof of address

- You cannot ear interest with a current account

- There is usually a minimum balance on a current account and you may be asked for a minimum deposit amount to open the account, although this will vary according to the account provider you choose

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Related Links:
• Current Accounts
Comapre current accounts in India
• Info Library
Current accounts information
• Advice Articles
For general money saving tips

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