Current accounts Flashcards by Matthew Beatty

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Q

How many different types of current accounts are there?

A

Standard
Premium
Student
Basic

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Q

Features of a Standard account?

A

No banking fees
Cheque book and bank card
Facility to set up direct debits / standing orders
Salary can be paid directly into the account
Overdraft facilitites

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Q

Features of a Premium account?

A

All features of the Standard account +

Packaged benefits such as travel insurance or discounts on goods and services.
Interest on credit balances
Cash back on household bills paid by direct debt
Special rates of interest on overdraft

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Q

Student account

A

Interest free overdraft up to a limit
Debit card
Some accounts offer discounts and gift cards.

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Q

Basic account

A

No banking fees
Debit card
Facilities for direct debt.

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