RCAO Finance

What do you need to know about banking? Choosing a bank is like getting married. Sometimes you need to do a lot of courting to find the right one. Other times, if you know what suits your needs then you know what to look for and can select rather easily. However you choose to go about it, consider this to be your crash course to bank courting.

General Banking overview

There are four main types of accounts. The current account, is typical for day to day banking, and can be used to withdraw, deposit, write cheques, and use your debit card.

The basic bank account is similar to the current account in that it is also a day to day account. Most of the time, however, this account cannot be overdrawn for more than ten pounds if at all.