There are currently several types of bank accounts that entrepreneurs and companies can use to facilitate the clearing of bank transactions. For example, a current account is a special account for deposits, which can be used by individuals or legal entities.
It allows you to carry out basic transactions such as deposits, withdrawals, transfers and payments , and can be individual or joint, free or with a monthly fee.
In the following lines, we will explain more about what a checking account is, how to use it and the difference with other types of bank accounts, such as savings accounts. Keep reading!
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What is a checking account?
A checking account is a type of bank uae whatsapp number data designed to facilitate day-to-day financial transactions. Unlike savings accounts, which are primarily intended for holding money, a checking account is designed for frequent movement of funds.
The current account provides all the financial management features for a business, such as: transfers, deposits, withdrawals, bill payments and can also provide credit or debit cards for purchases.
This modality also allows the use of additional services, such as overdraft and the possibility of carrying out electronic transactions through mobile applications. It is possible to create current accounts in both traditional banks and fintechs, such as Asaas .
What are the types of checking accounts?
There are some types of checking how to deliver content and ads to google discover that can be more efficient for business owners’ day-to-day activities. In addition to having the necessary facilities, there are other features that when choosing the best checking account.
See some current account options currently available on the market:
1. Free checking account
All financial institutions are to offer at least 1 type of current account without additional fees or charges, according to Central Bank regulations.
This type of checking account has the minimum service package (transfer, Pix , withdrawal, etc.), with no additional charges. However, for some specific services, there may be a charge. The minimum package includes:
- 10 check sheets per month;
- Debit card;
- Request for 2 bank statements per month;
- 4 withdrawals per month;
- 2 bank transfers between accounts at the same institution.
2. Current account with monthly fee
This type of checking account offers ba leads benefits than the basic account, subject to the payment of fees previously agreed upon with the financial institution. In other words, there is a monthly account maintenance fee.
However, this type of checking account comes with several benefits, which vary depending on the financial institution : lower fees, discounts on financial products, interest-free overdraft for a few days, etc.
In addition to also providing access to other advantages, such as points programs, rewards, partnerships with other stores, etc. It is worth noting, however, that better benefits are to a minimum balance.
3. Digital account
Digital accounts have the same facilities and features as a normal account: making and receiving payments, paying bills, withdrawing money, etc. They also yield money, even when it is idle.