Basic bank accounts provide a ‘no-frills’ banking service. Free to open and maintain, this type of current account takes care of basic day-to-day money management such as making and receiving payments ...

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Explore the differences between current and capital accounts and how they affect a nation's net income and asset-liability balance.

Banks could be forced by the regulator to introduce charges for basic current accounts in a move aimed at halting the practice of subsidising ‘free’ banking through the use of excessive charges for ...