Advantage of Current Bank Account

The advantages of current account are as follows:-

1. Current account enables businessmen to conduct his business transactions smoothly.
2. The businessmen can withdraw any amount at any time from their current accounts. There are also no restrictions on withdrawals.
3. The businessmen can make direct payment to their creditors with the help of cheques.
4. The bank collects money on behalf of its customers and credits the same to their accounts.
5. Current account enables the account holder to obtain overdraft facility.
6. The creditors of the account holder can get credit-worthiness information of the account holder through inter bank connection.
7. Current account facilitates the industrial progress of the country. Without the help of this account, businessmen would have difficulties in running their business.