quick qustion...

[Gazzza]

whats diffrence between a savings account and a current account (need to know for paypal as i dont know lol..) and dont want a bank charge of 14 quid lol
any help would be great i think im a saveings but not 100%

[b0t13]

current can transfer money in and out whenever u want, and have low interest

saving accounts have restrictions on moving money around and have high interest.

[smiith]

current account u just get a card to take stuff out from machine and whatnot, savings puts money in and is a coont to get out, i think anyway

[DavoVTR]

its in the name.... current has all your current account activities and transactions (eg. direct debits etc) and a savings account is for savings, don't normally allow transactions like switch payments etc

[potatopete]

You can have standing orders and direct debits set up on current accounts. You cant on savings accounts.

[bridgesvtr90]

Doing a first diploma in finance... every1 been right so far lol

[smiith]

w00t i know by banking stuff

[Gazzza]

right so mine is a current account as i have my insurance and soon mobile fone to come off my account every month so im a current account :)
cheers guys :y:

just made paypal WOO and waiting for the code from bank ^^

cheers guys :D

[b0t13]

gimmy some rep if ya want ;)

[Gazzza]

repd u all