current account
Everyday banking account
A current account is a bank account for everyday transactions—deposits, withdrawals, and payments—as opposed to savings accounts designed for accumulating money.
In economics, the current account is a component of a country's balance of payments, tracking trade in goods and services plus income flows: The country's current account deficit widened.
Called a checking account in American English.
Spending past zero
- depositPlace for safekeeping
- withdrawalAct of taking away
- balanceSteadiness or amount owed
- bank statementPeriodic financial account summary
debit card · direct debit · standing order · internet banking · mobile banking · ATM · branch · payee
Place for safekeeping
- withdrawalAct of taking away
- transferMove between locations
- debitSubtraction from account
- creditRecognition or payment deferral
statement · reconciliation · payee · payer · clearing · direct deposit · transaction fee · authorization
Nation's international transaction record
- importsGoods brought in
- exportsGoods sold abroad
- goodsThings for sale
- servicesActs performed for others
trade balance · deficit · surplus · net exports · trade gap · foreign trade · BOP · economic indicators
overdraft
Spending past zero
- depositPlace for safekeeping
- withdrawalAct of taking away
- balanceSteadiness or amount owed
bank statement · debit card · direct debit · standing order · internet banking · mobile banking · ATM · branch · payee · payer
deposit
Place for safekeeping
- withdrawalAct of taking away
- transferMove between locations
- debitSubtraction from account
credit · statement · reconciliation · payee · payer · clearing · direct deposit · transaction fee · authorization · pending
balance of payments
Nation's international transaction record
services · trade balance · deficit · surplus · net exports · trade gap · foreign trade · BOP · economic indicators · cross-border
- bankingbank, banks, ATM, ATMs, accounts
- accountschecking, savings, 401k, IRA, Roth IRA
- UK FinanceBank of England, pound sterling, pound, gilts, FTSE
- forexforex, exchange rate, foreign exchange, bid price, exchange rates
- macroeconomicsGDP, GNP, gross domestic product, gross national product, inflation rate
- balance of paymentstrade balance, trade deficit, trade surplus, net exports, capital flows
current accountsavings account
Interest-bearing bank holding
term deposit · certificate of deposit · time deposit · fixed deposit · investment account
current, account, currency, currently, recurring, concurrent, undercurrent, concurrency