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current account

current account

1 2.7
A bank record used for everyday payments and cash withdrawals
  • noun
  • /ˈkʌrənt əˈkaʊnt/
  • UK
translation icon : cuenta corriente
  • I opened a current account at the bank to manage my day-to-day expenses.

This is the Barclays Premier current account with Avios Rewards.

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Examples

  • So, I pulled up my family's 2011 tax return and our current account balances on Mint.com, and I got to work.

    Blog text (9)
  • Lewisham Plus Credit Union, which is one of the unions that offers a current account, is seeing membership growing by a quarter year on year.

    Academic text (2009)
  • This is the Barclays Premier current account with Avios Rewards.

  • In recent years, some of the larger companies have turned into quasi-banks offering a range of financial services, including current accounts and checkbooks for traders, international aid agencies, and ordinary customers who wish to move money around safely.

    Academic text (2003)
  • Already, six million customers buy Tesco financial products and have deposited 4.4 billion with the company, but later this year the group intends to launch a savings account and a range of mortgages; then in the second half of 2011, it will launch a current account.

    Blog text (10)
  • She transferred money from her savings account to her current account to pay for the bills.

  • Having a current account allows me to write checks and withdraw cash whenever I need it.

Synonyms

account
vscurrent account
2.1

A record of money received and paid by a person or business

is a particular deposit-and-withdrawal form rather than any financial record
bank account
vscurrent account
168 1.5

A service from a bank to keep and use your money

is a specific form used for everyday withdrawals and checks
checking account
vscurrent account
  • US
35 2.8

A bank account for daily payments and withdrawals using checks or a debit card

is the British name for the same withdraw-at-any-time service

How Accessible

current account
  • UK
1 2.7

Surface Forms

Morphology

current + account

The compound relates to 'account' and a modifier 'current' that does not straightforwardly mean 'for everyday transactions' to a learner who knows only the basic senses; 'current' is used in a conventional banking sense (similar to 'checking account') rather than the simple temporal meaning 'present'. Because the banking sense is partially motivated by the constituents but requires lexicalized, culture-specific knowledge, it is not fully predictable for a B1 learner.

Etymology

Current account uses current to mean 'for daily use' and account as the bank record; picture money running in and out of your account every day. That's why it means the everyday bank account you use for payments and withdrawals.