eng
competition

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practice 91

created Mar 14th, 18:53 by Heartking001


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403 words
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A current account is a type of bank account primarily designed for  
businesses to facilitate their high volume of daily transactions, which are  
limited by a savings account. It serves various purposes, such as salary  
payments and large supplier payments. By opening a current account,  
businesses can establish their credibility, streamline their financial  
management, and increase their prospects of securing funding in the future.  
A joint current account is an account that two or more individuals jointly own.  
It is an effective means of managing finances together and settling bills  
collaboratively. Current account does not come with upper deposit limits;  
however, businesses must manage a minimum monthly/quarterly average  
account balance to avoid being penalised. The minimum balance depends  
on the choice of a current account. Many banks provide industry-specific  
current accounts with minimum balance requirements fitting industries in the  
sector. Like savings, all current accounts have 24/7 access to digital banking  
services; however, accessing these services comes with charges based on  
the transaction amount. These charges form a tiny fraction of the total  
transaction amount. A best current account provides unlimited Fund  
transfers, unlike a savings account. Fund transfers can be free based on the  
type of account the business chooses; however, they can also be a fraction  
of the transaction to a specific amount for a range of transactions. Banks  
offer debit cards to businesses as per their requirements. To apply for a debit  
card, account holders must usually submit a completed application form with  
an indemnity letter. Depending on the bank, they impose a yearly fee on the  
card. Current accounts come with zero-rate of interest. The majority of  
people did not expect that Elizabeth would one day reign over Britain when  
she was born, therefore they were caught off guard. Elizabeth, who was  
given the nickname Lilibet throughout her childhood, was able to enjoy the  
first ten years of her life with all of the perks of being a princess without  
having to worry about the pressures of being the heir apparent. Both her  
father and mother lived in two different residences during her childhood: one  
was in London, and the other was Royal Lodge, the family's property in  
Windsor Great Park. Elizabeth and her younger sister Margaret received  
their education from private tutors in the comfort of their own homes.  
Academic subjects such as French, mathematics, and history were taught  
alongside extracurricular activities such as singing, dance, and painting

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