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What are the merits of current account to the account holder?

      

Give the merits of current account to the account holder.

  

Answers


Maurice
(i) Cheques can be used to make payments.

(ii) Periodic statements can be provided on demand.

(iii) No restrictions on the amount of withdrawals.

(iv) One enjoys bank overdraft facilities.

(v) No minimum balance is required to be maintained in the account.

(vi) Withdrawals can be made any time.
maurice.mutuku answered the question on July 5, 2017 at 09:16


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