Current Accounts

A current account is a type of account offered by banks and building societies for frequent use

• True

• False

What is the most common type of Current Account?

• Basic

• Premium

• Standard

• Student

Which is the odd one out?

• May offer an overdraft limit

• Can set up direct debits and standing orders

• Issued with a cheque book and debit card

• No credit offered

Issued with a cheque book and debit card is NOT a feature of a Basic Account?

• True

• False

Free insurance e.g. home or mobile phone, Break-down cover and Cash back is a feature of which account?

• Premium

• Basic

• Standard

• Student

• Packaged

A premium account offers the same facilities as a Basic account but bundled with an additional “package of services”

• True

• False

With a basic account you can still pay money into the account and make cash withdrawals assuming sufficient funds

• False

• True

Which is the odd one out?

• Process to pay university tuition fees

• Standing order for accommodation

• Limited overdraft facilities

• Customers are seen as high risk and are therefore not offered credit

Limited services and May attach a stigma is a drawback of which account ........?

• Standard

• Premium

• Basic

• Student

Often charge additional fees is a drawback of which account?

• Premium

• Basic

• Standard

• Student