Current Accounts

A current account is a bank account where you can store and withdraw money, enable it for debit/ credit transactions internally (disburse/ repay loan, transfer between accounts) or via integrated solutions for card management or payments. Loan Management enables you to create contracts based on current account products and to manage such contracts.

In Loan Management, current accounts are mainly used as settlement accounts - a customer' bank account opened for the purpose of transferring the funds granted through a loan, to repay the due installments, and to perform deposit funding and liquidation. They are also used as guarantees - a collateral offered by the customer to the financial institution for borrowing larger amounts. In this case, the financial institution may request the customer to maintain a specific balance in the current account used as guarantee.

Read about the operations that you can perform for the current accounts with or without the overdraft functionality.