Question

What are the disadvantages of current account​

Answer 1

Answer:

Disadvantages of having a Current Account

There is an opportunity cost of losing on the interest rates due to low or zero interest on money in current account.

There is an operational burden attached since most package accounts offer services at additional costs.

Explanation:

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Answer 2

Answer:

Explanation:

disadvantages of current account​

→ The applicable rate of interest earned on the available balance is really low.

→ Most package accounts offer services at additional costs, thereby increasing the overall operational burden.

→ The involved paperwork and fine print serves to be lengthy and confusing.

→ Corporate business transactions usually attract huge fees.

→ There is a limit on the amount of funds that can be withdrawn in a day.