Choose one suitable word from thte following list to fill in each blank:
| collect credit made chequebook safe passbook lending designed that where either shopping holders debit instruction |
A current account (known as checking account in USA) is one type of account (1) ________ the customer is provided with a (2) ________ . A cheque is a written (3) ________ to the bank to pay money to someone. Using a chequebook is very (4) ________ and convenient since people do not have to carry large amounts of cash with them when they go out (5) ________ .
Besides using cheques, current account (6) ________ can use all sorts of other bank services (7) ________ to make it easier to transfer money, i.e to pay money to other people and to (8) ________ money from other people. Current accounts are the only type of account which can have (9) ________ a credit or a debit balances. A customer can use his account to borrow money from the bank if he needs and if his bank manager lets him (his account will be in (10) ________ ). Borrowing money on a current account is called an overdraft.
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