Current Accounts (Leaving Cert Business): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Current accounts designed for
Current accounts designed for
Frequent transactions
Interest on current accounts
Interest on current accounts
Typically none
Overdraft facility allows
Overdraft facility allows
Withdraw more money than available in account
Overdraft acts as
Overdraft acts as
Short-term loan
Debit card linked to
Debit card linked to
Current account
Online banking allows
Online banking allows
Manage account via internet
Direct debits are
Direct debits are
Automatic, regular payments
Standing orders are
Standing orders are
Fixed, regular payments
Bank statements provide
Bank statements provide
Detailed record of all transactions
Savings accounts offer
Savings accounts offer
Interest on deposited funds