How to Find the Best Current Account for Your Needs


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Posted by on Tuesday February 5, 2013 at 10:36:37:

A current account from a bank can take care of high volume of activity at relatively low cost, provide flexibility and is convenient.

It’s function is to satisfy your taste and it is very important that you find the one that suits your needs.

Things to look out for
Some tips on what to look for, before you open a current account are as follows:

Make sure that the best current account you are opening matches your personal circumstances. If your budget is tight, you need the account without fees and it still offer all the features you will need in managing your money on daily basis.

If your budget is not so tight, you can go for the account with fees that has extra benefits like travel insurance and breakdown cover.

If you are a student in college or the university, or a fresh graduate, there’s the account that offer you interest free overdraft called student or graduate account. All you need do is to let your banker know your status and they will help find out the best account available that fits your needs.

If you run a business of your own, then an account designed for your type of client known as business current account from your bank will suit you. This type of account is also suitable for professionals, organisations as well as institutions and it is a basic operating account for your daily banking needs. The business current account is specifically designed for customers who prefer to “pay as you go”, or that their banking needs cannot be covered on daily banking for business plan.

It is possible these days to do banking online and is an added advantage and convenient. An online current account comes with some benefits such as 24/7 customer service, overdraft facility, text message alerts to keep you updated on your balance. Many banks now offer 24 hours service with help of phone, internet and mobile banking. This is an advantage for people that work at odd hours or shift job.

If you are the type that travel frequently, you are short of time or you prefer to manage your money through your computer, the your best current account feature will have access to phone and online banking. On the other hand, if you are the type that still prefers to have access to a branch directly, you can find a bank that offers traditional banking experience. The choice is yours, so make things easier in your daily life with the right current account. Happy and safe banking


Re: How to Find the Best Current Account for Your Needs Reply by Abdulkarim Haruna on Wednesday August 27, 2014 at 14:7:3:

Please can newly opened bank accounts in Nigeria accept lodgement of dividend warrants?

Re: How to Find the Best Current Account for Your Needs Reply by Felix Okoli on Wednesday August 27, 2014 at 14:7:3:

I don't see any reason why not as long as the account has been verified and it can accept dividend warrants

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