DefinitionA current account is a bank account that allows you to make cash collection and disbursement transactions with a financial institution. The current account, also called "sight account", "checking account" or "deposit account", is the main account that connects you to your bank. It is the one that allows you to cash your wages and pay your daily expenses. The principal means of payment are attached to it. These can take the form of credit card, direct debit, checkbook or transfer. With the current account, you can cash funds via transfers or deposit checks and cash to the bank that will be credited to your account.
The company or group current account is the same as the current account, except that instead of an individual, it is an enterprise or a group.