A current account is a personal bank account which you can take money out of at any time using your cheque book or cash card.
[British]
His current account was seriously overdrawn.
regional note: in AM, use checking account
2. countable noun [usually singular, oft NOUN noun]
A country's current account is the difference in value between its exports and imports over a particular period of time.
[business]
We will probably have a small current-account surplus for this year.
current account in British English
noun
1.
an account at a bank or building society against which cheques may be drawn at any time
US name: checking account. Canadian name: chequing account
2. economics
a.
that part of the balance of payments composed of the balance of trade and the invisible balance
Compare capital account (sense 1)
b.
(as modifier)
a current-account deficit
current-account in British English
(ˈkʌrəntəˌkaʊnt)
modifier
relating to a country's current account
China's current-account balance
the current-account figures for August
a current-account deficit/surplus
Portugal will probably have a small current-account surplus for 1992.
▶ USAGE The abbreviation for current account is C/A
current account in American English
noun
1. Also called: open account
an account of credits, debits, receipts, and expenditures between two individuals or companies, usually providing for settlement at the end of specified accounting periods
2. (in certain foreign countries)
a checking account
Word origin
[1840–50]
Examples of 'current account' in a sentence
current account
Current account cash and savings can be offset against a mortgage to reduce interest on the loan.
Times, Sunday Times (2010)
The choice of current accounts and credit cards typically narrows as people age.
Times, Sunday Times (2014)
We have a positive current account balance.
Times, Sunday Times (2008)
You are now looking into opening a current account with another bank.
Times, Sunday Times (2015)
Those who keep a healthy balance in their current accounts should find one paying interest.
Times, Sunday Times (2013)
The current account balance is wider than trade.
Times, Sunday Times (2015)
The current account balance can be defined as the difference between total imports and total exports.
Forstner, Helmut, Ballance, Robert Competing in a Global Economy (1990)
So your current account balance looks like a very big overdraft.
Times, Sunday Times (2006)
No interest paid on current account credit balances.
The Sun (2014)
High street banks that want to stop providing free current accounts may be thwarted by the competition watchdog.
Times, Sunday Times (2015)
Labour may also switch its current account to the bank if the deal to transfer the loan is confirmed.
Times, Sunday Times (2014)
Many students have credit cards through their current account provider, but they can be uncompetitive.
Times, Sunday Times (2006)
Also try to avoid unnecessary credit, such as joint credit cards or current accounts with overdrafts.
The Sun (2015)
These typically include having a current account with the bank and there are oftencaps on how much you can save each month.
The Sun (2016)
Alternatively, a packaged current account with your bank you might be covered under its benefits.
Times, Sunday Times (2012)
When a country has a current account deficit, it imports more goods and services than it exports.
Times, Sunday Times (2010)
A country with a current account deficit has an offsetting capital account surplus.
Times, Sunday Times (2016)
If your card is stolen, you only risk losing the money on the card and not all the cash in your current account.
Times, Sunday Times (2013)
That is, there will be payments of interest which will appear as a debit in the invisible or service part of the current account.
Maurice D. Levi International Finance: The markets and financial management of multinational business. (1983)
In the sphere of current accounts, building societies offer little competition, and there lies a problem.
Times, Sunday Times (2014)
The country 's current account slumped to a record deficit at the end of last year as income on British investments overseas crashed.
Times, Sunday Times (2014)
I am looking into opening a building society current account for her, but accessing this will mean a bus trip and walk into town three miles away.
Times, Sunday Times (2012)
THOSE who made the grade and have secured their university places for this autumn will be rushing to get a current account in time for freshers' week.
Times, Sunday Times (2012)
Word lists with
current account
America
In other languages
current account
British English: current account /ˈkʌrənt əˈkaʊnt/ NOUN
A current account is a bank account which you can take money out of at any time.