What is a current account?
A current account is a form of deposit account that allows, among others, payment by way of cheques 1.
This Knowledge Base category highlights the basic requirements relating to the operation and maintenance of a current account as well as some useful tips to safeguard your account.
- Cheque - A bill of exchange, which is an unconditional order in writing, addressed and signed by the drawer to instruct the drawee bank to pay on demand a certain sum of money to the payee or bearer.
Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)
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