Highlight benefits a trader will enjoy by opening a current account with a commercial bank.

      

Highlight benefits a trader will enjoy by opening a current account with a commercial bank.

  

Answers


John
1. Overdraft facilities are available.

2. Account holder is not required to maintain any minimum balance.

3. It is possible to deposit any amount at any time during the working hours.

4. Use of cheques by the account holder serves as evidence of payments made.

5. Payments can be made even if there is insufficient funds.

6. The account holder can withdraw any amount without giving a notice provided that the account allows.
Jonmhumble answered the question on December 10, 2017 at 19:32


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