BTEC Business - LAA -
Current Accounts
questions and answers
What are the four Current Accounts? - answer 1) Standard Accounts
2) Premium Accounts
3) Student Accounts
4) Basic Accounts
What are Standard Accounts? - answer Type of account offered to
customers with reasonable credit .
Features include; withdraw/pay cash, overdraft, debit card
What are the benefits of Standard Accounts? - answer 1) Variety of
facilities - debit card, cheque, overdraft
2) Convenient for regular payments - wages, withdrawals
What are the drawbacks of Standard Accounts? - answer 1) Standard
features only, no perks
2) Can have high charges from overdraft
What are Premium Accounts? - answer Type of account which has
additional features to standard account.
Features include; home insurance, cash back
Current Accounts
questions and answers
What are the four Current Accounts? - answer 1) Standard Accounts
2) Premium Accounts
3) Student Accounts
4) Basic Accounts
What are Standard Accounts? - answer Type of account offered to
customers with reasonable credit .
Features include; withdraw/pay cash, overdraft, debit card
What are the benefits of Standard Accounts? - answer 1) Variety of
facilities - debit card, cheque, overdraft
2) Convenient for regular payments - wages, withdrawals
What are the drawbacks of Standard Accounts? - answer 1) Standard
features only, no perks
2) Can have high charges from overdraft
What are Premium Accounts? - answer Type of account which has
additional features to standard account.
Features include; home insurance, cash back
