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- Introduction
- What is a Bank
- What is a Bank Account
- Why do I need a Bank Account
- How Do I Choose a Bank Account
- How Do I Open a Bank Account
- How Do I Get The Most From My Bank Account
- Other Things The Bank Might Offer
- Bank Cards
- Bank Machines
- PIN
- Interest
- More Help
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Making Money Easier
The Easy Picture Guide to Banking
A Current Account
If you have a Current Account you may get a cheque book.
You can write out a cheque to take out money at the Bank, to pay for things or to give as a present.
You will usually get a Debit Card to help you take money out of your Bank Account.
Be careful!
If you go overdrawn in a Current Account you will have to pay the money back and the Bank will make you pay them some extra money.
This extra money is called interest charged.
Banks charge you the extra money because they are providing an extra service by letting you spend more money than is in your Bank Account.
If you go overdrawn when you are not allowed to, the Bank may also make you pay them even more extra money. This extra money is called a Bank charge or Bank fee.
Different Banks and different Bank Accounts will charge you different amounts. Check this before you choose a Current Account.
You could talk to your family, friend or advocate about this.
This extra money is called interest charged.
Banks charge you the extra money because they are providing an extra service by letting you spend more money than is in your Bank Account.
If you go overdrawn when you are not allowed to, the Bank may also make you pay them even more extra money. This extra money is called a Bank charge or Bank fee.
Different Banks and different Bank Accounts will charge you different amounts. Check this before you choose a Current Account.
You could talk to your family, friend or advocate about this.
When you have a Current Account you need to know how much money you have paid in...
...AND how much money you have taken out...
...AND how much money you have left.
You can pay your benefits and wages into a Current Account.
