Each bank offers their customers a current account. Some banks, especially the larger ones, could offer many different types of banking packages for current accounts, depending on the needs of their customers. The main differences between the packages are the amount and types of transactions that are included without costing additional fees. Some banks offer basic packages without a monthly fee, while others waive the fee if a certain minimum balance is maintained every month.
Some accounts will allow the client to make a certain amount of free transactions per month, such as withdrawals at an ATM machine, bill payments and fund transfers. If you go over the amount of transactions included in the account, the bank may charge you a fee depending on the type of transaction. The fees may also vary depending on whether the transaction is done by self service means, such as online, telephone banking and ATM, or at the counter with a teller. It is important for clients to review the packages offered and see which ones would suit their needs based on the amount of transactions they would make per month.
While almost every current bank account offered today includes an ATM card and access to internet and telephone banking services, not all of them come with a checkbook included. Some banks make you pay extra when ordering checks, so it is important to verify beforehand if you would be needing to write checks on your account.