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Sometimes in a shop they ask you: “How do you want to pay?” You can answer: “Cash/By cheque/By credit card”. In a bank you usually have a current account, which is one where you are paid your salary and then withdraw money to pay your everyday bills. The bank sends you a regular bank statement telling you how much money is in your account. You may also have a savings account where you deposit any extra money that you have and only take money out when you want to spend it on something special. Sometimes, the bank may lend you money – this is called a bank loan. If the bank lends you money to buy a house, that money is called a mortgage.
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What is a current account?
It is an account where you deposit any extra money that you have and only take money out when you want to spend it on something special.
It is an account when the bank lends you money to buy a house.
It is an account when the bank lends you money.
It is an account where you are paid your salary and then withdraw money to pay your everyday bills.
