Current accounts which are the current account that owners can withdraw from them in amounts more than the amounts deposited in the use of these accounts are limited to persons whom the bank decides to grant them facilities.
The importance of current accounts is evident in the benefits obtained by the parties to the contract, namely the bank and the client to open and handle these accounts.
The benefits accruing to the bank:
1. Invest the funds in the current account without the involvement of its clients the owner of these funds, in the profits generated by such investments.
2. Opening a current account for a customer often leads to the customer needing other banking services, the bank will benefit from it and the client should resort to the bank with his current accounts.