What is a Current Account? A Current Account is a type of deposit account into which account holders can deposit and withdraw funds. Here are a few common characteristics of Current Accounts – ▪ Current Account usually allow unlimited number of deposits and withdrawals. This is to cater to business accounts which require such a facility. ▪ Current Accounts provide cheque facilities. Again, this is to cater to the needs of businesses that are required to cheque payments. ▪ Current Accounts, with a very few exceptions, do not provide any interest earnings. What are the Current Account products offered by banks in Bahrain? Let's look at a few Current Account product examples – ▪ The Current Account from Citibank offers unlimited checking with your own personalized checkbook, a range of major currencies with which to open the account, a free Debit Card, digital banking, phone banking, worldwide remittances and zero bank charges provided that an average monthly balance of BD 500 or
All information about Banks in Bahrain.